In the Case Rosenberg V

question 15

True/False

In the case Rosenberg v.Son,Inc.,the Supreme Court of North Dakota held that Pratt was still liable to Rosenberg as she did not obtain a novation by assigning her rights to Son,Inc.

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Definitions:

Capital Expenditures

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Free Cash Flow

The cash that a business produces after deducting cash outflows needed for operational activities and the upkeep of its fixed assets.

Cash Dividends

Distributions of earnings paid to shareholders in the form of cash.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.