In Order to Lease Substantially All of a Corporation's Assets

question 72

Multiple Choice

In order to lease substantially all of a corporation's assets not in the usual course of business:

• A) approval of the board and the majority of the corporation's outstanding shares is required; dissenting shareholders do not usually have an appraisal remedy.
• B) shareholder approval is required if so determined by a subjective test under the 1999 amendments to the Revised Act.
• C) shareholder approval is unnecessary, unlike for the sale of assets.
• D) shareholder approval is necessary.

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Definitions:

Culturally Competent Care

Healthcare that is respectful of, and responsive to, the health beliefs, practices, and cultural needs of diverse patients.

Ethnocentrism

Ethnocentrism is the belief in the inherent superiority of one's own ethnic group or culture, often accompanied by a feeling of contempt for other cultures.

Cultural Context

The societal, economic, historical, and personal circumstances surrounding an event or person that can significantly influence their behavior and perceptions.

Western Cultural

Refers to the customs, lifestyles, and values that originated in the countries of the Western hemisphere, primarily Europe and North America.