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28.
(p. 884)
Which of the following was the result on appeal in
Royal Crown Companies Inc., v.
McMahon
, the case in the text in which the former president of a subsidiary of Royal Crown sued
claiming that an agreement regarding severance pay was breached?
29.
(p. 881)
Which of the following is true regarding the type of intangible item that may constitute an
asset?
30.
(p. 881)
Which of the following is true regarding approval a corporation desiring to sell a majority
of its assets must obtain?
31.
(p. 882)
In which of the following does an aggressor pay cash to target shareholders?
32.
(p. 882)
Which of the following occurs when an aggressor gradually accumulates the target
company's shares?
33.
(p. 883)
What key piece of information does an aggressor generally need in order to gain control
of a target corporation through proxies?
34.
(p. 884)
Which of the following occurs when a target corporation offers to buy its shareholders'
stock?
35.
(p. 884)
Which of the following occurs when a group within a corporation, usually management,
buys all outstanding corporate stock held by the public?
36.
(p. 884)
In a hostile takeover situation, what does the term "going private" reference?
37.
(p. 885-886)
Which of the following is true regarding situations in which a court may order an
involuntary dissolution of a corporation?
38.
(p. 885)
When voluntary dissolution procedures are initiated, which of the following must occur
first?
39.
(p. 885)
Which of the following is true regarding liquidation?
40.
(p. 876)
Which of the following is true regarding state approval of consolidations?
41.
(p. 876)
Which of the following is true regarding state approval of mergers?
secretary of state issues a certificate to grant approval for the merger.
42.
(p. 874-875)
In a consolidation, what happens to the property of the original corporations?
43.
(p. 874)
In a merger, what happens to the property of the absorbed corporation?
44.
(p. 883)
Sally is the president of ABC Corporation. In November, her assistant Bruce tells her that
Big Corporation is planning a tender offer and that it has presented an offer to shareholders.
Sally tells him that they should keep information regarding ABC Corporation as quiet as possible
until the end of the year because she does not want shareholders to find out any negative
information regarding ABC Corporation's poor performance in the last few months. Which of the
following is true regarding Sally's plan?
45.
(p. 885)
Death of a corporation occurs in which of the following phases?
