Restrictions on Share Transfers Are Common and Can Take Almost

question 50

Multiple Choice

Restrictions on share transfers are common and can take almost any form.Such restrictions must be set out in the corporation's constitution and must be noted on the share certificate,otherwise

• A)the shares are not transferable.
• B)the shares have no value.
• C)the restrictions are not binding on a purchaser who has no notice of them.
• D)a preemptive right is created.
• E)any transfer will be ultra vires.

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Definitions:

Basic Emotions

Fundamental emotions that are universally experienced by humans, such as joy, sadness, fear, disgust, surprise, and anger.

Lust

Lust is an intense desire or craving, often used to describe a strong sexual attraction towards someone.

Greed

An excessive desire for more of something than is needed, often related to wealth, power, or food.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for action by triggering the fight-or-flight response.