Which of the Following Types of Capital Is Defined As

question 24

Multiple Choice

Which of the following types of capital is defined as: 'The fraction of the subscribed capital that the corporation's board decided to collect from the investors'?

• A) Authorized capital
• B) Issued capital
• C) Outstanding capital
• D) Called-up capital

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Definitions:

Common Law Courts

Courts that decide cases based on common law, which consists of judicial precedents and statutes as opposed to statutory or regulatory laws.

Chancery Court

A specialized court dealing with matters of equity, such as trusts, estates, and guardianships, often distinct from courts of law.

Exchequer Court

A historic court that dealt with financial and revenue matters, historically part of the judicial system in some jurisdictions.

Roman Law

The legal system of ancient Rome, which serves as the basis for civil law in many modern countries.