Examlex
Leading questions allow respondents to decide upon answers without pressure from questioners.
Revised Act
A legislative act that has been amended or updated from its original version to incorporate changes in law or policy.
Illegal Dividend
A payment made by a corporation to its shareholders that is not allowed by law or its own bylaws, typically because it exceeds the company's current or retained earnings.
Personally Liable
Being directly responsible for fulfilling a financial obligation or settling a debt from personal assets.
Stock Dividend
A dividend payment made to shareholders in the form of additional shares of stock, rather than cash.
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