As with Common Stock,preferred Stock Always Has a Par Value,and

question 41

True/False

As with common stock,preferred stock always has a par value,and also,like common stock,the par value is unimportant in the event of liquidation.However,the preferred stock dividend does depend on the par value and the dividend is usually stated as a percentage of par.

---

Definitions:

Scott V. Mid-Carolina Homes

A legal case that likely involves dispute resolution between an individual and a housing company, although specific details may vary.

Mutual Mistake

Mutual mistake is a situation in which all parties to a contract have a shared misunderstanding about a fundamental fact or assumption underlying that contract.

Unilateral Mistake

A legal term referring to a situation where only one party to a contract is mistaken about a material fact relating to the agreement.

Legal Consent

An agreement made by someone with full understanding and willingness, often pertaining to legal contracts or medical procedures.