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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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