Describe the Two Theoretical Bases for Lawsuits Alleging Discrimination Under

question 23

Essay

Describe the two theoretical bases for lawsuits alleging discrimination under Title VII of the Civil Rights Act of 1964.

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Definitions:

Par Common Stock

The face value of common shares issued by a company, which is noted on the share certificate.

No-Par Common Stock

Shares of common stock issued without a par value, which means they are not assigned a nominal face value.

Treasury Stock

Shares of a company's own stock that it has reacquired and held in the company's treasury.

Preferred Stock

A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and typically does not have voting rights but has a fixed dividend.