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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › share

  • This topic has 1 reply, 2 voices, and was last updated 9 years ago by MikeLittle.
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  • November 11, 2015 at 8:40 am #281662
    syed ali
    Member
    • Topics: 92
    • Replies: 54
    • ☆☆

    a share is the interest of a shareholder in the company measured by a sum of money, for the purpose of a liability in the first place,and of interest in the second ,but also consisting of a series of mutual covenants entered into by all shareholders
    mike i understand that share is interest of sharehoder in company but i can not this definition please explain it simply

    November 11, 2015 at 12:12 pm #281695
    MikeLittle
    Keymaster
    • Topics: 27
    • Replies: 23300
    • ☆☆☆☆☆

    When you become a shareholder in a company it is as though you have entered into a contract with every other shareholder individually and collectively and with the company itself and the company has entered into a contract with every shareholder and every shareholder has entered into a contract with every other shareholder

    Better?

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