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What the subscribed shares shall be issued in the name

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Reference no: EM132813182

Problem 1: In a sale of delinquent shares at a public auction, the highest bidder is the one who

a. Willing to pay the unpaid subscription price in exchange for the lowest number of shares
b. Willing to pay the full subscription price in exchange for the lowest number of shares
c. Willing to pay the unpaid subscription price, the expenses related to the delinquent shares, and accrued interest in exchange for the highest number of shares.
d. Willing to pay the unpaid subscription price, the expenses related to the delinquent shares, and accrued interest in exchange for the lowest number of shares

Problem 2: In cases when there is no bidder for a delinquent subscription, the subscribed shares shall be issued in the name of the corporation and shall be considered as ___________.

a. Treasury share
b. Delinquent share
c. Unissued delinquent share
d. Bidder share

 

Reference no: EM132813182

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