A Power of Avoidance Held by a Party May Be

question 52

Multiple Choice

A power of avoidance held by a party may be lost if:

• A)the contract is affirmed.
• B)there are unreasonable delays in exercising the power.
• C)the rights of third parties intervene.
• D)All of the above.

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Definitions:

Shareholders Of Record

Registered individuals or entities that own shares in a corporation as documented by the company, used to determine who is eligible to receive dividends or exercise voting rights.

TSX Rules

The regulations and guidelines set by the Toronto Stock Exchange governing trading, listing, and company conduct.

Debt-Equity Ratio

This financial measure indicates how a company's assets are financed through a mix of shareholders' equity and debt.

Residual Dividend Policy

A strategy where dividends are based on earnings minus funds retained to finance the firm's optimal capital budget.