Since Stock Is Intangible Personal Property, the Ownership Right to Stock

question 59

True/False

Since stock is intangible personal property, the ownership right to stock exists independently of a stock certificate.

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Definitions:

Unemployment Insurance

A federally mandated program to minimize the hardships of unemployment through payments to unemployed workers, help in finding new jobs, and incentives to stabilize employment.

Voluntary Unemployment

The condition of being without employment by choice, often due to personal reasons rather than external economic conditions.

Sick Leave

Time off provided to employees for illness without loss of pay.