Par Value

question 159

Multiple Choice

Par value

• A) is the monetary value assigned per share in the corporate charter
• B) represents what a share of stock is worth
• C) represents the original selling price for a share of stock
• D) is established for a share of stock after it is issued

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Definitions:

Evidenced in Writing

Requirement for certain agreements to be recorded in written form in order to be legally enforceable.

Adverse Possession

The legal acquisition of title to another's real property by continuous possession under certain conditions for a specified period of time.

Vacant Plot

An empty piece of land that has not been developed or built upon.

Fencing

The sport of fighting with swords, particularly foils, épées, or sabres, according to set rules; also refers to a barrier or structure serving as a boundary or means of protection.