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Common shares: a. Allow shareholders to bind the corporation to contracts because they share in ownership. b. Represent residual equity in a corporation. c. Make
Common shares:
a. Allow shareholders to bind the corporation to contracts because they share in ownership.
b. Represent residual equity in a corporation.
c. Make shareholders liable for acts of the corporation because they share in ownership.
d. Are usually redeemable.
e. Always represent total contributed capital.
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