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A Judge Can Impose a Sentence That Is Longer Than

question 45

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A judge can impose a sentence that is longer than the base sentence established by the legislature:


Definitions:

No-par Common Stock

Shares issued without a par value, allowing the company more flexibility in setting their price.

Paid-in Capital

The total amount of capital that shareholders have contributed to a company in exchange for shares of stock.

Fair Market Value

The price that a willing buyer and a willing seller agree upon when both parties have reasonable knowledge of the relevant facts and neither is under compulsion to buy or sell.

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