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1. What is the par value of stock and what is the normal par value of stock? 2. Carver Lumber filed a suit to foreclose
1. What is the "par value" of stock and what is the normal "par value" of stock? 2. Carver Lumber filed a suit to foreclose a mechanic's lien. Commercial Bank, which held a mortgage on the same property, claimed priority over Carver Lumber's lien. Commercial Bank's mortgage was recorded before Carver Lumber began work on the property. Is the bank correct? Explain. 3. What is a shareholder's preemptive right? 4. What rights does a seller convey when he executes a "quitclaim" deed?
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