Give Five Reasons Why a Court May Choose Not to Follow

question 116

Essay

Give five reasons why a court may choose not to follow precedent.

Recognize the protections offered by the business judgment rule and its limitations.

Understand the means and implications of issuing stock certificates and shareholder ownership in a corporation.

Identify the personal liabilities and responsibilities of shareholders, particularly in scenarios leading to corporate insolvency.

Describe the rights associated with stock warrants and their function within corporate financing.

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Definitions:

Constant Growth Annuity

An investment or financial product that provides a series of payments that grow at a constant rate for a specific period of time.

Loan

Money borrowed that is expected to be repaid with interest.

Compounded Annually

Interest calculation method where the interest is added to the principal sum once a year, so each year’s interest earnings are based on the principal plus the accumulated interest.

RRSP Contributions

Money placed into a Registered Retirement Savings Plan, intended to serve as retirement savings and provide tax benefits in Canada.