When the Courts Find That Undue Influence Is Present, the Resulting

question 30

Multiple Choice

When the courts find that undue influence is present, the resulting contract is

• A) voidable.
• B) void.
• C) unenforceable.
• D) binding.
• E) illegal.

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Definitions:

Dividend Payable

Liability showing amount of cash dividend owed.

Stock Split

Issuing of additional shares of stock to stockholders; total par or stated value remains the same.

Par Value

The face value of a bond or stock, representing the amount to be returned to the bondholder at maturity or the value assigned to a share of stock for accounting purposes.

Stock Split

A corporate action to increase the number of shares, reducing the price per share correspondingly without changing the market capitalization.