Requesting a Credit Report to Establish an Applicant's Employment Eligibility

question 47

True/False

Requesting a credit report to establish an applicant's employment eligibility is illegal according to the South African National Credit Act.

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Definitions:

Preferred Stock

A type of stock that provides dividends before common stockholders and has priority over common stock in the event of liquidation.

Par Value

A nominal value assigned to a share of stock in the charter of the corporation, often used to determine legal capital.

Shares

Units of ownership interest in a corporation or financial asset, giving the shareholder a proportion of the company's profits.

Treasury Stock

Stocks that the issuing corporation has distributed and then bought back, diminishing the number of shares available for trade on the public market.