Match Each Rule of Interpretation with Its Meaning

question 21

Multiple Choice

Match each rule of interpretation with its meaning.
-The mischief rule.

• A) The use of only the plain and ordinary, literal meaning of the words, because these are the words specifically chosen by the draftsman.
• B) Putting the words in the context of the statute as a whole and giving them their ordinary meaning, unless this produces an absurd result, in which case, the judge should give the words another contextual meaning.
• C) Ascertaining what the draftsman intended by the word, by examining the general purpose of the section and its social, economic or political context.
• D) Looking at the previous common law and the history of the Act to ascertain what problem (or mischief) the draftsman sought to remedy.

Comprehend the costs associated with forming a corporation and managing its equity.

Recognize how treasury stock transactions affect a corporation's financial statements.

Understand dividends, including dividends in arrears and stock dividends, and their impact on stockholders' equity.

Grasp the rights and privileges of common shareholders, including preemptive rights.

---

Definitions:

Nonvascular Gametophyte

A stage in the life cycle of nonvascular plants, such as mosses, that produces gametes without the need for a circulatory system for water and nutrients.

Dry Conditions

Environmental or atmospheric situations characterized by a lack of moisture or water.

Monocot

A group of flowering plants (angiosperms) that are characterized by having one cotyledon (seed leaf), parallel leaf veins, and floral parts typically in multiples of three.

Eudicot

Eudicotyledones; flowering plant group; members have two embryonic leaves (cotyledons), net-veined leaves, vascular bundles in a ring, flower parts in fours or fives and their multiples, and other characteristics.