Which of the Following Represents One of the Basic Rights

question 37

Multiple Choice

Which of the following represents one of the basic rights of stockholders?

• A) Stockholders may sell their stock back to the company if they wish.
• B) Stockholders may authorize a business contract on behalf of the corporation.
• C) Stockholders may determine at what price the company issues stock.
• D) Stockholders may receive dividends from corporate earnings.

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Definitions:

Act Of State Doctrine

A doctrine that provides that the judicial branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.

Principle Of Comity

The recognition and respect accorded by nations to the laws and judicial decisions of other nations, based on mutual respect and convenience, rather than obligation.

Confiscation

A government’s taking of a privately owned business or personal property without a proper public purpose or an award of just compensation.

Just Compensation

The fair and adequate compensation required to be paid to a property owner when their property is taken for public use under the eminent domain law.