A Stock That Sells for $1 or Less Per Share

question 49

Multiple Choice

A stock that sells for $1 or less per share is called a _____ stock.

• A)fractional
• B)penny
• C)dollar
• D)ten-dollar
• E)coin

Recognize the conditions under which contract rights are assignable.

Understand the legal effects of an assignee's standing and the principle of "stepping into the shoes" of the assignor.

Identify the legal protections and limitations for obligors in assignments.

Understand the specific rules and exceptions regarding the assignment of future wages and partial assignments.

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Definitions:

Autonomous Morality

The stage of moral development in which individuals recognize that moral rules are created by people and that individuals can question or challenge societal norms based on personal principles of justice or fairness.

Heteronomous Morality

Refers to the stage of moral development in children where rules are perceived as fixed and unchangeable, often enforced by authority figures.

Preconventional Moral Reasoning

The first level of Kohlberg's stages of moral development, where individuals' moral reasoning is based on personal interests and the consequences of their actions.

Conventional Moral Reasoning

A stage in moral development where individuals' ethical behavior is guided primarily by societal rules and norms.