A Poison Pill Defense May Be Implemented by

question 13

Multiple Choice

A poison pill defense may be implemented by

• A)giving stock away.
• B)selling firm assets.
• C)issuing rights that allow existing shareholders to buy stock at a bargain price.
• D)adding seats to the board of directors.

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Definitions:

Fee Simple Owner

The highest form of property ownership, providing full rights to the land and its structures.

Condemnation Power

The legal authority granted to governmental bodies to seize private property for public use, subject to compensation for the property owner.

Adverse Possession

The acquisition of title to real property through open occupation, without the consent of the owner, for a period of time specified by a state statute. The occupation must be actual, exclusive, open, continuous, and in opposition to all others, including the owner.

Individual's Right

Legal entitlements or freedoms guaranteed to a person under a legal system.