Once a Corporation's Board of Directors Declares a Dividend,it Becomes

question 2

True/False

Once a corporation's board of directors declares a dividend,it becomes a corporate debt and is enforceable by law.

---

Definitions:

Treated

Subjected to a specific process or course of action, typically to achieve a certain effect or outcome.

Owns

To own means to have legal right or title to an object, property, or asset, granting the holder exclusive rights to the use, enjoyment, and disposition of that asset.

Accepted

Acknowledged or agreed upon; an offer or proposal that has been received and approved.

Reasonable Amount

A quantity or level of something (such as time, cost, or size) that is considered fair, proper, and appropriate under typical circumstances.