The board of directors of U.S. Goods Corporation announces that the corporation will pay a cash dividend
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The board of directors of U.S. Goods Corporation announces that the corporation will pay a cash dividend to its shareholders. Once declared, a cash dividend is
a. a corporate debt.
b. a personal debt of the directors.
c. a personal debt of the shareholders.
d. an illusory promise.
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Related Book For
Business Law Text And Exercises
ISBN: 9780357717417
10th Edition
Authors: Roger LeRoy Miller, William E. Hollowell
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