Which of the Following Is Not a Right of Stockholders

question 117

Multiple Choice

Which of the following is not a right of stockholders?

• A)To vote for directors and on key issues.
• B)To participate in dividends declared.
• C)To share in the distribution of assets if the corporation is liquidated.
• D)To select the Chief Executive Officer.

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Definitions:

Debt

Money or goods or services owed by one party, the debtor, to another, the creditor.

Scienter

Knowledge or awareness of the wrongdoing or fraudulent nature of one’s actions, especially in relation to securities fraud.

Knowledge Of Falsity

Awareness that a particular statement or representation is false, which can be relevant in cases of fraud or deceit.

Intention To Deceive

refers to the deliberate act of misleading or concealing the truth in order to gain an unfair advantage over someone else.