Question

A privilege that allows current shareholders to buy a fixed percentage of all futures issues before they are offered to the public is called a primary right.
a. true
b. false

Answer 1

The answer is B. False, as a privilege that allows current shareholders to buy a fixed percentage of all futures issues before they are offered to the public is called a preemptive right.

Primary rights are those that everyone with a sensible life plan would want for themselves to pursue their ideals of goodness and justice, as well as those that they are ready to extend to others on an equal footing. These rights deserve protection on moral, legal, and constitutional grounds and mark the start of the constitutional-choice process.

A primary right is understood to be "the right to be free from that specific criminal behavior. The injury endured plays a big role in identifying the primary right."

Learn more about preemptive rights here:

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