Informed Consent Must Be Written to Be Valid

question 8

Multiple Choice

Informed consent must be written to be valid. Informed consent that is not written may be difficult to prove.

• A) Both statements are true.
• B) Both statements are false.
• C) The first statement is true, the second statement is false.
• D) The first statement is false, the second statement is true.

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Definitions:

Cash-Out Combinations

Business transactions where shareholders of a company being acquired or merged are paid in cash instead of receiving shares of the acquiring or merging entity.

Minority Shareholders

Shareholders who own a smaller portion of a company's shares and typically do not have controlling interests or significant influence on business decisions.

Oppressive Acts

Behaviors or actions by directors or majority shareholders in a corporation that are burdensome, harsh, or wrongful against minority shareholders.

Directors

Members of a company's board of directors, who are elected to oversee and guide the management and policies of the corporation, representing the interests of the shareholders.