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Alice makes a material misrepresentation of fact to Betty, and based upon the misrepresentation, Betty enters into a contract.Betty now realizes she was deceived and wants to get out of the contract.This contract is voidable at Betty's option.
Residual Dividend Policy
A strategy where a company pays dividends to shareholders from the residual net income after meeting its capital expenditure requirements.
Net Income
The total profit of a company after all expenses and taxes have been subtracted from revenue.
Outstanding Shares
The total number of shares of a corporation's stock that are currently owned by all its shareholders, including share blocks held by institutional investors and restricted shares.
Stock Repurchase
An action taken by a corporation to repurchase its own shares from the market, thereby decreasing the total number of shares available.
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