In the Absence of Express Words to the Contrary, Which

question 19

Multiple Choice

In the absence of express words to the contrary, which of the following should be presumed when interpreting legislation?

• A)The legislation is intended to override established rules of international law.
• B)The legislation is intended to be extra-territorial.
• C)The legislation is intended to be retrospective.
• D)The legislation is not intended to contradict the constitution.

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Definitions:

Stock Dividend

A payment made by a corporation to its shareholders in the form of additional shares, rather than cash, reflecting the company's intention to reinvest profits.

Retained Earnings

Profits that a company keeps or reinvests for expansion or debt payment, rather than distributing to shareholders as dividends.

Stock Split

A corporate action to increase the number of outstanding shares by dividing each share, which typically lowers the stock price but does not affect the company's market value.

Market Price

The contemporary market price for transactions involving an asset or service.