Usually,the Issue Price Exceeds Par Value Because Par Value Is

question 150

True/False

Usually,the issue price exceeds par value because par value is normally set as a percentage of the issue price of the stock.

Understand the implications of assignments that increase risk or burden.

Describe the rights of obligors and assignees after an assignment.

Distinguish between different types of third-party beneficiaries.

Understand the legal effects and requirements for assignments and delegations.

---

Definitions:

Promissory Estoppel

A legal principle that prevents a person from going back on a promise even when a legal contract does not exist.

Unilateral Contract

An agreement in which one party makes a promise in exchange for an act performed by another party.

Consideration

In contract law, a crucial element that refers to something of value promised to another when making a contract.

Liquidated Debt

Debt for which there is no dispute between the parties about the fact that money is owed and the amount of money owed.