Section 16 Applies

question 112

Multiple Choice

Section 16 applies:

• A)only to shareholders.
• B)to directors of all covered corporations.
• C)when there is a purchase followed by a sale within a six-month period.
• D)all of the above

---

Definitions:

Bills of Lading

Official documents issued by a carrier to acknowledge the receipt of cargo for shipment.

Accession

A method of acquiring property rights by adding value to personal property through labor or new materials.

Speakers

Devices designed to produce audio output from an electronic device.

Fixture

An item of personal property that becomes real property when attached in a permanent manner to real estate.