Because Stock Is Intangible Personal Property,a Stockholder's Ownership of the Stock

question 20

Multiple Choice

Because stock is intangible personal property,a stockholder's ownership of the stock

• A)exists independently of the stock certificate itself.
• B)cannot exist without a tangible stock certificate.
• C)cannot exist without the original stock certificate
• D)cannot be transferred to another person.

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Definitions:

First Tuesday

Often refers to when elections are held in the United States, traditionally on the first Tuesday after the first Monday in November.

November

The eleventh month of the year in the Gregorian calendar, known for events such as Thanksgiving in the United States.

Electoral Votes

Votes cast by members of the Electoral College in the United States, determining the outcome of the presidential election.

Plurality

In elections, a situation where the candidate who polls more votes than any other candidate is the winner, but does not necessarily receive a majority of all votes cast.