The rebate law prohibits
A. escrows from giving rebates to brokers.
B. title companies from giving rebates to brokers.
C. brokers from rebating commissions to buyers.
D. both a and b.
Answer: D. both a and b.
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A merger increases the number of voting shares of the surviving corporation by 23 percent. Which of the following is required in this context?
A) a unanimous vote by the incumbent directors B) a majority vote of the board of directors C) a majority vote of the shareholders D) an affirmative vote by at least 30 percent of the shareholders
As a general rule, which one of the following statements concerning the various values of common stock is correct?
A) Market values are usually below book values. B) Par values are usually above book values. C) Market values are usually below par values. D) Book values are usually below market values.