Which of the Following Statements Is False

question 36

Multiple Choice

Which of the following statements is false?

• A) Sills are discordant rock bodies.
• B) Sills are formed from magma.
• C) Sills are tabular in shape.
• D) Sills consist of intrusive igneous rock.

Distinguish between negotiable and non-negotiable instruments.

Grasp the concept of endorsement and delivery in the negotiation of instruments.

Appreciate the significance of having a negotiable instrument in international commerce.

Understand the role and requirements of signatures in negotiable instruments.

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Definitions:

No-par Value Stock

Stock issued without a specified face value, leaving the issued price to be determined by the company's board of directors.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, typically with fixed dividends.

Common Stock

Common Stock represents shares in a company that entitle the holder to vote at shareholders' meetings and to receive a part of the company's profits as dividends.

Stated Value Stock

Stated value stock is an issue of shares that does not have a par value but instead has a nominal stated value assigned by the company.