Statement A: A right to vote by a stockholder in a corporation is an absolutely intransmissible right. Statement B: The registration of a land by the buyer creates a notice to the... Statement A: A right to vote by a stockholder in a corporation is an absolutely intransmissible right. Statement B: The registration of a land by the buyer creates a notice to the whole world that such land cannot simply be alienated by any person. Neither is false. Only Statement 'A' is false. Both statements are false. Only Statement 'B' is false.
Understand the Problem
The question is asking to evaluate the truthfulness of two statements related to corporate and property law. Specifically, it queries whether these statements about a stockholder's voting rights and land registration are true or false.
Answer
Only Statement A is false.
Statement A is false. A stockholder's right to vote is generally a personal right but can be transmissible under certain conditions. Statement B is true; registration does create notice of ownership that affects alienation.
Answer for screen readers
Statement A is false. A stockholder's right to vote is generally a personal right but can be transmissible under certain conditions. Statement B is true; registration does create notice of ownership that affects alienation.
More Information
In general corporate law, while voting rights are personal, they can be delegated through proxies or other legal arrangements. For real estate, registering land under someone's name generally serves as public notice of ownership, limiting unauthorized transfers.
Tips
A common mistake is to assume voting rights are strictly personal with no exceptions for transmissibility. Similarly, misunderstanding the function of land registration can happen.
AI-generated content may contain errors. Please verify critical information