Various Laws and Contracts Govern the Rights and Obligations of a Shareholder

question 73

Multiple Choice

Various laws and contracts govern the rights and obligations of a shareholder. Which of the following is/are not true?

• A)The corporation laws of the jurisdiction in which incorporation takes place govern the rights and obligations of a shareholder.
• B)The articles of incorporation or the corporate charter sets out the agreement between the firm and the jurisdiction in which the business incorporates.
• C)The board of directors adopts bylaws, which are the rules and regulations governing the internal affairs of the corporation.
• D)The jurisdiction grants to the firm the privileges of operating as a corporation for certain stated purposes and of obtaining its capital through the issue of shares of stock.
• E)none of the above

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Definitions:

Sociological Principle

Fundamental concepts or propositions that serve as the foundation for sociological theories and explanations of societal behaviors and phenomena.

Social Analyst

Someone who approaches the world by using reasoning and questions to gain deeper insights.

Everyday Actor

An individual who navigates daily life and social interactions based on personal knowledge and societal norms, without necessarily having a deeper understanding of the social sciences.

Microsociological

Pertaining to the study of individual or small group social interactions and behaviors, in contrast to larger societal patterns.