When an Independent Registrar and Stock Transfer Agent Is Used,it

question 44

True/False

When an independent registrar and stock transfer agent is used,it is likely that the auditor will confirm the number of shares outstanding with those parties rather than the shareholders.

Understand the concept of emancipation and its impact on a minor’s capacity to contract.

Comprehend the role of necessaries in contracts with minors.

Grasp the legal age of majority for contracting and its exceptions.

Understand the obligations and limitations associated with contracts made by minors.

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