Employment Contracts Have an Implied Morals Clause

question 62

True/False

Employment contracts have an implied morals clause.

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Definitions:

Rights Offering

A method by which a company raises capital by giving its existing shareholders the right to purchase additional shares directly from the company at a specified price within a set time.

Record Date

The specified date on which a company determines the shareholders eligible to receive a dividend or distribution.

Ex-rights Date

The ex-rights date is the first trading day when the buyer of a stock is not entitled to receive a previously declared rights offering, often leading to a decrease in the stock's price.