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46.
(p. 885)
Which of the following is
false
regarding involuntary liquidation?
47.
(p. 885)
Which of the following describes a plan set up by ABC Company whereby its other
shareholders may purchase shares of ABC stock at a significantly reduced price if any individual
or entity obtains a majority of ABC Company's stock?
48.
(p. 874)
Which of the following is the appropriate term for the action contemplated by Bernie and
John to combine the businesses under the name "Skateboard for Health"?
49.
(p. 874)
Which of the following is true in most states regarding Bernie's concern that Hank could
not be sued for the price of the skateboards?
50.
(p. 874)
Which of the following is true regarding Bernie's belief that Greg will be unable to collect
anything for the accident after the joining of the businesses?
51.
(p. 874)
Which of the following results in a chose in action?
52.
(p. 882)
Which of the following is a term used to describe Green Corporation in its attempt to buy
any or all of Tree Corporation's voting shares?
53.
(p. 882)
Which of the following is a term for the attempt of Green Corporation to take over Tree
Corporation over the objection of management and the board of Tree Corporation?
54.
(p. 882)
Which of the following terms describes Tree Corporation in the attempt of Green
Corporation to gain control?
55.
(p. 882)
By offering to purchase the stock of Tree Corporation at a price above its current market
value, Green Corporation made a[n] ____.
56.
(p. 882)
By offering to give shareholders in Tree Corporation stock in Green Corporation in return
for shares of stock in Tree Corporation, Green Corporation made a[n] ____.
57.
(p. 885)
Which of the following is the proper term for the plan to discontinue Reuse It?
58.
(p. 885)
Which of the following is true of Barbara's plan to continue with disbanding the
corporation over Willy's objection?
59.
(p. 885)
Which of the following is true regarding Quill's suggestion that dissolution be
implemented quickly in order to avoid claims by creditors?
60.
(p. 886)
Which of the following should occur in the face of the board not wishing to be involved in
liquidation proceedings?
61.
(p. 875-876)
Set forth the universal requirements for a merger or acquisition including what
most states require in regard to shareholder approval.
62.
(p. 878)
Two security services, ABC Security and R. Knight Security, propose to merge. Each
corporation has fewer than 10 shareholders. The proposed merger receives majority shareholder
approval. Richard, a minority shareholder who owns 10% of the stock in Knight Security, however,
is very much opposed to the merger. He tells the other shareholders in Knight Security that
unless they convince him otherwise, he will block the merger. What are Richard's rights as a
dissenting shareholder, and does he have the power to block the merger?
63.
(p. 881)
Set forth the three circumstances listed in the text under which a corporation acquiring
assets assumes the liabilities of the selling corporation.
64.
(p. 883)
What is generally the next step for an aggressor after acquiring a substantial number of
the target corporation's shares and why?
65.
(p. 883)
What steps must a target corporation take once an aggressor has presented its offer to
the target corporation's shareholders?
