LAW-resa-corporation Practice Questions and Answers |100% Pass
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Course
2024/2025
Institution
2024/2025
LAW-resa-corporation Practice Questions
and Answers |100% Pass
As regards the corporate by laws, which of the following is false?
A. To adopt majority of the outstanding capital stock is needed
B. To delegate to the BOD the power to amend, repeal, or adopt new by laws, 2/3 of the outstanding
c...
This is a public instrument giving authority to vote for stockholder
A. Proxy
B. Voting trust agreement
C. Stock certificate
D. Voting trust certificate - Answer✔✔-B
A gratuitous reissue of treasury shares will result in
A. Capital surplus
B. Stock dividend
C. Watered stock
D. Property dividend - Answer✔✔-C
A certificate of stock is not a negotiable instrument because it lacks the requirement of
A. The instrument must be in writing and signed by the maker or drawer
B. It must contain an unconditional order or promise to pay a sum certain in money
C. It must be payable to order or to bearer
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