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LAW (125 Cards)

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Adam and Betty are holders of preferred stock in Megacorp, Inc. Adam and Betty have priority over holders of Megacorp common stock as to payment

a. of dividends only.
b. on dissolution of Megacorp only.
c. of dividends and on dissolution of Megacorp.
d. none of the above.

c. of dividends and on dissolution of Megacorp.

Begründung:
Preferred stock is stock with prferences. Usally this means that holders of it have priority over holders of common stock as to dividents and tp payment of disslolution of the corporation.

Tags: Preferred Stock
Source: p.112, 1. Absatz nach Überschrift

Flashcard set info:

Author: Elisa

Main topic: Law

Topic: International Law

School / Univ.: Hanze Hogeschool

City: Groningen

Published: 14.02.2010

Tags: Exam Year 1

Card tags:

All cards (125)

? (1)

also see partnership by estopel (1)

Assault and Battery (2)

Business Organization (1)

Business Trust (2)

Chain-Style business operation (2)

Conversion - letzter Absatz (1)

Coporate Financing (1)

Coporate Personnel (1)

Disadvantages ot the sole proprietorship (1)

Dissolution LP (1)

Dissolution of LP (1)

Distributorship (2)

Fact versus Opinion (1)

False imprisonment (1)

Family Limited Liability Partnerships (FLLP) (1)

First Orginazational Meeting (1)

First sentence (2)

Foreign and Alien Coporation (1)

Formation of a Limited Partnership (1)

Formation of a LP (1)

Incorporation procedure (1)

INncorporation Precedure (1)

Joint stock company (2)

Joint venture (2)

last sentence (1)

Liabilities of limited partners (1)

Limited Liability Partnership (LLC) Liability (1)

Limited partners and Managment (1)

LLC (1)

Location Chartering (1)

Partnerships (1)

Payment for the franchise (2)

Payment of the franchise (1)

Preferred Stock (1)

Preferred stocks (1)

Pricing agreement (1)

Processing-Plant arrangement (2)

Profesional Corporation (P.C) (1)

Professional Corporation (1)

Professional Corporation (P.C) (1)

Promoter Liability (Promoter Activities) (1)

Restriction in the Articles of Incorpration (1)

Right of limited partners (1)

Self-defense (1)

Slander of Quality (1)

Slander of Title (1)

Termination of the franchise (2)

The publication requirement (1)

The scope of implied powers (1)

Trespass to Land (1)

Trespass to personal property (2)

Wrongful interfence with a contractual relationship (1)

Wrongful interference with a business relationship (2)

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