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Mr. Investor has purchased 100 shares of the common stock of the Everyman Corporation. As such, which of the following is not a right that Mr. Investor has?
Suggested Answer: A
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Among other things, the trade confirmation that Anna receives must stipulate the items described in Selections I and III only. The trade confirmation that Anna receives from GetErDone must stipulate the time and date of the transaction, the number of shares sold, and the price at which they were sold. The exchange or ECN on which the transaction was executed is not provided on the confirmation statement. Whether GetErDone acted as a principal or a broker in the transaction does need to be stipulated, but in this instance GetErDone acted as a broker, not a principal. GetErDone did not itself buy the shares from Anna.
50 comments · newest first
IL
Ilene
11 months ago
I thought shareholders had a say in everything, but I guess not!
HE
Helga
12 months ago
I agree, D is the right answer!
RO
Rosina
12 months ago
Wait, can shareholders really vote on property purchases? Sounds odd.
MA
Marguerita
1 year ago
Definitely not D, that’s not a typical shareholder right.
AN
Anissa
1 year ago
Mr. Investor has voting rights on the board and bylaws.
MA
Marlon
1 year ago
I’m pretty confident that voting on board members and bylaws is standard, but I’m a bit hazy on the property issue.
JO
Jonell
1 year ago
This question feels familiar; I think the right to vote on major purchases isn't typically granted to all shareholders.
CH
Chuck
1 year ago
I think all shareholders have the right to vote on board members and bylaws, but the property purchase might be different.
LY
Lyla
1 year ago
I remember studying shareholder rights, but I'm not entirely sure about the specifics of voting on property purchases.
ER
Eric
1 year ago
Easy peasy! The right to vote on a major property purchase is not one of the standard shareholder rights, so that's the answer I'll go with.
NI
Nida
1 year ago
Okay, I've got this. As a common shareholder, Mr. Investor would have the right to receive dividends, vote on directors, and vote on bylaw changes. The option that is not a right is the vote on a major property purchase.
LU
Luis
1 year ago
Hmm, I'm a bit unsure about this one. I know shareholders have certain voting rights, but I'm not totally clear on the specifics. I'll need to think it through step-by-step.
QU
Queen
1 year ago
This seems like a straightforward question about shareholder rights. I'll need to carefully review the options and think through which right Mr. Investor would not have as a common shareholder.
DI
Dick
1 year ago
Fast transmission and the ability to transmit the whole data packet seem like important advantages here. I'll double-check the other options, but those are the ones that stand out to me.
WI
Winifred
1 year ago
This reminds me of a practice question we did where the right answer was that eye contact isn’t a definitive sign of lying.
AL
Alonso
1 year ago
Option D is the correct answer, hands down. Unless Mr. Investor wants to start his own company, he should leave the major purchases to the experts.
EL
Eladia
1 year ago
D) the right to vote on the purchase of a major piece of property that Everyman is considering
RI
Rima
1 year ago
C) the right to vote on any proposed changes to the corporate bylaws
EL
Elliot
1 year ago
B) the right to vote on the members of Everyman's board of directors
PE
Pearly
1 year ago
A) the right to receive dividends, if declared
FR
Francoise
1 year ago
Option D, definitely. Mr. Investor may be the owner of 100 shares, but he's not the CEO. Let the professionals handle the big decisions!
MA
Matthew
1 year ago
C) the right to vote on any proposed changes to the corporate bylaws
MA
Macy
1 year ago
B) the right to vote on the members of Everyman's board of directors
LE
Leah
1 year ago
C) the right to vote on any proposed changes to the corporate bylaws
AB
Abel
1 year ago
A) the right to receive dividends, if declared
HE
Heidy
1 year ago
B) the right to vote on the members of Everyman's board of directors
MA
Maybelle
1 year ago
A) the right to receive dividends, if declared
SH
Sherita
2 years ago
Option D, no doubt. Shareholders don't need to be micromanaging the company's every move. That's what the board of directors is for!
SE
Serita
1 year ago
D) the right to vote on the purchase of a major piece of property that Everyman is considering
SH
Shanda
1 year ago
C) the right to vote on any proposed changes to the corporate bylaws
NI
Nickolas
1 year ago
B) the right to vote on the members of Everyman's board of directors
AS
Ashton
2 years ago
A) the right to receive dividends, if declared
GE
Gerri
2 years ago
I'm not sure about this question, but I think C) the right to vote on any proposed changes to the corporate bylaws is also not a right that Mr. Investor has.
MA
Maryann
2 years ago
I agree with Nikita, because as a common stockholder, Mr. Investor does not have the right to vote on major decisions like property purchases.
NI
Nikita
2 years ago
I think the answer is D) the right to vote on the purchase of a major piece of property.
PA
Paola
2 years ago
Hmm, this one's tricky. I'm tempted to say Option C, but I think Option D is the best choice here.
BA
Barb
1 year ago
I agree, Option C seems to be the right choice.
AL
Alex
1 year ago
I think Option C is the correct answer.
DI
Dierdre
1 year ago
I agree, Option D seems to be the best choice.
MI
Milly
1 year ago
I think Option D is correct.
AN
Anna
2 years ago
I agree, the shareholders don't get a say in every little thing the company does. That would just be chaos! Option D is the way to go.
GL
Glennis
2 years ago
I'm not sure, but I think it's C. Shareholders usually have a say in changes to the bylaws.
MI
Minna
2 years ago
I agree with Kiley. Shareholders don't typically vote on specific property purchases.
LA
Lauran
2 years ago
Option D is clearly the correct answer. As a shareholder, Mr. Investor doesn't have the right to vote on day-to-day business decisions like purchasing property.
LA
Lashawnda
1 year ago
Option D is clearly the correct answer. As a shareholder, Mr. Investor doesn't have the right to vote on day-to-day business decisions like purchasing property.
EL
Elly
1 year ago
D) the right to vote on the purchase of a major piece of property that Everyman is considering
MA
Malcolm
1 year ago
C) the right to vote on any proposed changes to the corporate bylaws
VO
Von
1 year ago
B) the right to vote on the members of Everyman's board of directors
LE
Lelia
2 years ago
A) the right to receive dividends, if declared
KI
Kiley
2 years ago
I think the answer is D.