When Shares Are Involved, Even Preferred Shares, There Is No

question 71

Multiple Choice

When shares are involved, even preferred shares, there is no legal obligation to pay dividends, but a failure to repay ________ constitutes a breach of the corporation's legal obligation.

• A) debts
• B) assets
• C) bondholders
• D) shareholders
• E) par-value shares

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Definitions:

Avocados

A nutrient-rich fruit known for its creamy texture and health benefits, often used in culinary arts.

Restrictive Clause

A part of a sentence that limits the scope of a noun and is essential to its meaning.

Noun Clause

A clause that functions as a noun within a sentence, typically beginning with words such as "that," "what," or "whatever."

Predicate

The part of a sentence or proposition that tells something about the subject, usually involving an action, quality, or state.