The rights of a shareholder: A) Include the right to bind the corporation in a contract B) Bind the shareholder personally for corporate losses C) Are to profit and equity as described by their share class D) Answers A and C only E) None of the above

The rights of a shareholder:
A)       Include the right to bind the corporation in a contract
B)       Bind the shareholder personally for corporate losses
C)       Are to profit and equity as described by their share class
D)       Answers A and C only
E)       None of the above

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Answer

•       C)       Are to profit and equity as described by their share class
  Explanation:
  Shareholders have six rights in general, they are the right to vote, ownership, transfer ownership, dividends, right to inspect corporate documents, and sue for wrongful act. Shareholders have the right to receive cash or stock payments from the company in the form of dividends. Only the directors can enter a legally binding contract on behalf of the corporation.