An owner of common stock will not have any liability beyond actual investment if the owner
A. Paid less than par value for stock purchased in connection with an original issue of shares.
B. Agreed but failed to perform future services for the corporation in exchange for original issue par value shares.
C. Purchased treasury shares for less than par value.
D. Failed to pay the full amount owed on a subscription contract for no-par shares.
Answer: C. Purchased treasury shares for less than par value.
Business
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