The Panama Refining and Schechter Poultry Cases Are Significant Because

question 29

Multiple Choice

The Panama Refining and Schechter Poultry cases are significant because:

• A) both cases were deemed valid delegations of authority establishing the intelligible
• B) both cases were deemed valid delegations of authority establishing the de novo
• C) these are the only cases ever found by the Supreme Court to have delegations of

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities.

Book Value Per Share

The equity available to common shareholders divided by the number of outstanding shares.

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits distributed among shareholders.

Market Price

The amount at which something can be bought or sold on a given market.