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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Business Law Text And Exercises

ISBN: 9780357717417

10th Edition

Authors: Roger LeRoy Miller, William E. Hollowell

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Question Posted: Feb 26, 2024 09:01 AM

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The board of directors of U.S. Goods Corporation announces that the corporation will pay a cash dividend

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Once declared a cash dividend is considered c a personal debt of the shareholders W...View the full answer

Business Law Text And Exercises

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