DAS,IncDeclared a $0

question 141

Multiple Choice

DAS,Inc.declared a $0.50 per share dividend on June 1.The date of record is June 20th,the ex-dividend date is June 18th,and the payment date is June 31st.Andre owns a share of stock on June 1.Andre sells his share to Brett on June 19th,and Brett sells the share to LaMarcus on June 29th.Who will receive the dividend?

• A) Andre
• B) Brett
• C) LaMarcus
• D) no one, since the share was not owned consistently by one person over the period

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Definitions:

Personal Debts

Financial obligations or amounts owed by individuals as opposed to businesses or governments.

Supposed To Dissolve

Expected or intended to undergo dissolution or termination, often in the context of a legal entity or agreement.

Partner's Death

The demise of one member in a business partnership or marital relationship, impacting legal and personal outcomes.

Court Is Estopped

A legal principle preventing a court from taking back a statement or position that led someone to take action in reliance on it.