Law, 24.07.2021 04:20, hilllz4793
(1) In ordinary circumstances, when the corporate veil has not been pierced, a shareholder may be liable for:
A. the actions of the board of directors.
B. unpaid amounts on the shares held by that shareholder.
(2) A debt issued by a company as a negotiable instrument with a term of 9 months or less is a security that is exempt from registration and is called:
A. a short-swing trade.
B. short-term commercial paper.
(3) You are studying to be an accountant. During school breaks, you work part-time at a large company that sells its stock on the stock exchange. To help you understand how investments work, you bought 100 shares of stock in this company.
While doing the bookkeeping, you discover the company just had a very bad financial quarter. You anticipate the price for the company stock will fall substantially once that information is made public. You decide to sell your shares immediately to avoid a significant loss. You direct your stockbroker to sell your stocks and are able to complete the transaction before this news gets out.
Have you done anything illegal by selling your stock when you did?
A. No, you are entitled to utilize all information available when deciding whether to buy or sell stock.
B. Yes, it is illegal for an employee of a company to buy or sell company stock.
C. No, shareholders can sell or buy stock anytime they wish.
D. Yes, you will be liable for insider trading based on the misappropriation theory.
Answers: 1
Law, 14.07.2019 13:10, iRaMpAgez
Sonja is writing an essay about becoming a preschool teacher. complete it by correctly filling in the missing information. out of all the career choices in the career cluster, i'd like to be a preschool teacher. i love working with children, and i think it would be a rewarding career in which i could create lessons and the students prepare socially and academically for kindergarten. in order to become a preschool teacher, i'll need to complete high school and it'll also be important to work on my creativity, interpersonal, and organizational skills. i know that when i work hard to complete the academic requirements, i'll be prepared for the career path that interests me most.
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(1) In ordinary circumstances, when the corporate veil has not been pierced, a shareholder may be li...
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