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gavmur [86]
3 years ago
13

The equal dignity rule has several exceptions. for example, an executive officer of a corporation can conduct business transacti

ons without written authority. likewise, when an agent acts in the of a principal, the rule does not apply. finally, when the agent's signature is merely a(n) , the agent does not need written authority to sign.
Business
1 answer:
tekilochka [14]3 years ago
8 0

Answer: Exceptions to the Equal Dignity Rule

Explanation:

  The equal dignity rule is one of the legal concept that helps in that helps in performing various types of activities and task on the basis of legal authorization.

 According to the given question, the equal dignity rule has different types of exceptions and these are explained by the given example of an executive officer of an organization can easily doing business transaction without any legal authority and legal written document.  

Therefore, The given example is known as the exception to the equal dignity rule.      

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On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split.
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Answer:

1. After the split, how many shares of common stock are outstanding and what is their par value per share?

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Aren't both questions the same?

2. After the split, the number of shares outstanding is <u>80,000</u> and the par value per share is <u>$1</u>.

Explanation:

When a stock split happens, the total number of outstanding stock is just multiplied by the stock split factor, in this case it was 2, but other times it might be 4 or 7 (like Apple stock). You just multiply total outstanding stock by the split number. On the other hand, par value is calculated by dividing the current par value by the split number.

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