The Arbitrary Amount Assigned by a Company to a Share

question 13

Multiple Choice

The arbitrary amount assigned by a company to a share of its stock is the:

• A)stated value per share.
• B)par value per share.
• C)book value per share.
• D)A and B

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Definitions:

Restatement of Contracts

The Restatement of Contracts is a comprehensive compilation of general principles regarding contract law, serving as a guide for judges and lawyers.

Judicial System

The system of courts that interprets and applies the law in the name of the state or country.

Implied Warranty

An unwritten guarantee that the product will meet a minimum level of quality implying that it is fit for sale as intended.

Disclaim

To refuse a right or renounce a claim to something, often as a legal declaration.