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Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne Jennings
Edition 3ISBN: 978-1305117457Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne Jennings
Edition 3ISBN: 978-1305117457 Exercise 6
What happens if a shareholder does not pay at least par value for his shares?
A) He is personally liable for the difference between what was actually paid and the par value.
B) Nothing, because par value is irrelevant in terms of the shares' value.
C) He is not really a shareholder until he pays the full par value.
D) He has committee securities fraud.
A) He is personally liable for the difference between what was actually paid and the par value.
B) Nothing, because par value is irrelevant in terms of the shares' value.
C) He is not really a shareholder until he pays the full par value.
D) He has committee securities fraud.
Explanation
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Option "a" is not the correct option as ...
Cengage Advantage Books: Foundations of the Legal Environment of Business 3rd Edition by Marianne Jennings
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