Which of the following is incorrect with regard to treasury shares?
A) No dividends may be paid on treasury shares.
B) They are issued but not outstanding.
C) A corporation may sell treasury shares for any amount the board of directors determines, even if the shares have a par value that is more than the sale price.
D) The concept of treasury stock was created by the MBCA and is carried forward in the RMBCA.
D
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Which of the following is an example of a type of service processing that can occur?
a. tangibility processing b. people processing c. product processing d. warranty processing
Which of the following is true regarding whether an adult who enters into a contract with a minor has the right to disaffirm the contract?
a. Adults who contract with minors are bound to the agreement, even if the minor chooses to disaffirm. b. Adults who contract with minors are bound to the agreement, unless the minor chooses to disaffirm. c. Since the minor has the right to disaffirm the contract, the adult also has that right. d. Since the minor has the right to disaffirm the contract, the adult also has that right unless the contract is void or voidable.