Repair Inc

question 12

Multiple Choice

Repair Inc. issues a plan to combine operations with Service Company. Tom is a shareholder who disapproves of the deal. He may be entitled to an appraisal right if the combination is

• A) a merger or a short-from merger.
• B) none of the choices.
• C) a purchase of substantially all of the assets of either corporation.
• D) a dissolution or winding up of either corporation.

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Definitions:

Conversion

The act of wrongfully taking or retaining a person’s personal property and placing it in the service of another.

Wrongful Interference

A legal term referring to the act of intentionally interfering with contractual or business relationships.

Business Relationship

A connection between two or more parties engaged in commercial transactions or activities, based on contractual, statutory, or recognized ethical obligations.

Intentionally Interfered

Deliberate actions taken to obstruct or meddle with someone's rights, activities, or legal interests.