When Top Managers of a Mutual Company Decide They Need

question 31

Multiple Choice

When top managers of a mutual company decide they need to raise capital and become stock companies, they may go through a process called:

• A)demutualization.
• B)reverse stocking.
• C)reinsurance.
• D)rationalization.
• E)amortization.

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Definitions:

Torts against Property

Legal wrongs that result in harm to someone's property, including acts such as trespassing, vandalism, and theft.

Torts against Economic Interest

Legal wrongs committed that cause financial harm or damage to a person’s economic position.

Strict-liability

A legal doctrine in tort law that holds a party responsible for their actions or products, without the need to prove negligence or fault.

Inherently Dangerous

Activities or items possessing potential for significant harm due to their nature.