Examlex

Solved

Techcom Ltd

question 61

Multiple Choice

Techcom Ltd.pays dividends to its shareholders,irrespective of the market status.Which of the following can be inferred about Techcom Ltd.based on its dividend policy?


Definitions:

Limit Liability

A legal principle or provision that caps the amount one can be held responsible for in case of damage or loss.

Stop-payment Order

A request made to a bank by an account holder not to pay a check or transaction previously authorized.

Negligence

The failure to take reasonable care to prevent harm to others that a reasonably prudent person would have taken under the same circumstances.

Check 21 Act

A U.S. federal law that facilitates check truncation by creating a new type of negotiable instrument called a substitute check.

Related Questions