The Following Questions for Readings: "The Presumptive Primacy of Procreative

question 23

Multiple Choice

The Following Questions For Readings: "The Presumptive Primacy of Procreative Liberty," John A. Robertson
-Robertson says that "liberty" as used in procreative liberty is a

• A) positive right.
• B) negative right.
• C) Kantian right.
• D) right of avoidance.

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Definitions:

Minimum Legal Capital

The least amount of capital that must be raised through the issue of shares for a corporation to be legally established.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer.

Premium Capital

Capital that is obtained or raised at a value above its nominal or face value, often reflecting the additional amount paid by investors over the par value of securities or shares.

Stated Value

The nominal value assigned to no-par stock by the issuing company's board of directors.