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The Maximum Number of Shares of Common Stock That May

question 145

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The maximum number of shares of common stock that may be issued according to the corporation's charter is referred to as


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Judge-made Law

Refers to legal principles and rules that have been established by court decisions (common law) rather than by legislative enactment.

Legal System

The comprehensive framework of rules and institutions established by a society to regulate conduct, resolve disputes, and enforce laws.

Law of Equity

A branch of law that deals with fairness, rectifying wrongs, and providing remedies that are not available in common law.

Law and Morality

Refers to the relationship and distinction between the legal rules governing a society and the ethical principles that underlie them.

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