If a Company's Constitution Does Not Contain Rules Governing the Forfeiture

question 22

Multiple Choice

If a company's constitution does not contain rules governing the forfeiture of shares, then the company:

• A) may forfeit shares but not reissue them.
• B) cannot forfeit shares.
• C) may forfeit shares and reissue them at a later date.
• D) can register the shares in the name of another shareholder, but cannot receive payment from that shareholder.

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Definitions:

Positive Reinforcement

A method in behavior modification that involves the addition of a rewarding stimulus following a desired behavior, encouraging its recurrence.

Skinner Box

An experimental apparatus used to study animal behavior, particularly operant conditioning, by isolating the subject and controlling rewards and punishments.

Operant Conditioning

An approach to learning in which the vigor of a behavior is influenced by positive or negative stimuli.

Cognitive Learning

A type of learning that involves the mental processes of acquiring knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.