If a Corporation Has Issued a Single Class of Share

question 48

Multiple Choice

If a corporation has issued a single class of share, it must be:

• A) Ordinary Share.
• B) Preference Share.
• C) Share issued at Par-value.
• D) Cumulative Preference Share.

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Definitions:

U.S. Bankruptcy Code

The federal statute that governs bankruptcy proceedings in the United States, facilitating the reorganization or liquidation of debtors' assets.

Domestic Commercial Contracts

Pertains to agreements made within a country’s borders that are related to the purchase, sale, or exchange of goods and services.

Legal Issues

Disputes or controversies that are submitted to a court for resolution involving questions of law or legal principles.

European Community

An economic and political union established by six European countries in 1957, which expanded and evolved into what is now the European Union (EU), aimed at fostering economic cooperation and integration among its members.