Examlex
Which of the following terms has a root word element that means split?
Authorized Capital Stock
As stated in its charter, the number of shares of capital stock (common and preferred) that a corporation can sell.
Issued Capital Stock
Stock that the corporation issues for assets or services contributed by the stockholders.
Mutual Agency
A principle in partnership where each partner is fully authorized to act on behalf of the partnership, making decisions that bind all parties.
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