Which of the Following Is a Written Document Signed by the Maker

question 6

Multiple Choice

Which of the following is a written document signed by the maker or drawer with an unconditional promise or order to pay a certain sum in money on demand or at a specified time to the order of bearer?

• A) An acknowledged instrument.
• B) A contract instrument.
• C) A negotiable instrument.
• D) A holder instrument.
• E) A delivered instrument.

---

Definitions:

Cumulative Preferred Stock

A type of preferred stock where dividends that have not been paid in the past must be paid out to preferred shareholders before common shareholders can receive any dividends.

Par Common Stock

The face value of common stock as designated in the corporate charter, which is the minimum amount that shares can be issued for.

Total Dividend

The sum of all dividends paid out to shareholders for a specific period, representing the share of profits distributed.

Reacquired Shares

Shares that were previously issued and have been bought back by the issuing company, reducing the amount of outstanding stock on the open market.