A Stock Is

question 18

Multiple Choice

A stock is

• A) a certificate that certifies ownership of a certain portion of a company.
• B) document verifying a loan to a company.
• C) a promise of capital gains to its owner.
• D) a retained earning of a corporation.

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Definitions:

Unforeseeable Loss

Losses that could not be predicted or expected under normal circumstances, often excluding them from contractual liability.

Condition Precedent

A specific condition or event that must occur before a contract becomes effective or before a party is obligated to fulfill their part of the contract.

Ended by Agreement

A situation where a contract or arrangement is terminated through mutual consent of all parties involved.

Unforeseen Event

An unexpected occurrence that can impact agreements or plans, often referred to as a force majeure in legal contexts.