When a Forfeited Share Parcel Is Re-Issued

question 19

Multiple Choice

When a forfeited share parcel is re-issued

• A)the parcel must be issued first to existing members
• B)the shares must be paid up to at least the amount that existed prior to the forfeiture
• C)any profit on sale of the reissued shares must always be returned to the original holder
• D)any profit on sale of the reissued shares must always be kept by the company

---

Definitions:

Pentagon

The headquarters of the United States Department of Defense, located in Arlington, Virginia, named for its distinctive five-sided shape.

Nuclear Test Ban Treaty

The Nuclear Test Ban Treaty is an international agreement that prohibits all nuclear detonation tests for both civilian and military purposes.

Nuclear Arms Race

A competition for supremacy in nuclear warfare between countries, notably between the United States and the Soviet Union during the Cold War.

Alliance for Progress

An initiative launched by President John F. Kennedy in 1961 aimed at establishing economic cooperation between the United States and Latin America to promote developmental and social reform.