Through a Certain Transaction, Coffee Bean Cafés, Inc

question 29

Multiple Choice

Through a certain transaction, Coffee Bean Cafés, Inc., acquires all of the shares of Deli Dining Corporation for some of Coffee Bean's shares. Both Coffee Bean and Deli Dining continue to exist. This is​

• A) ​a consolidation.
• B) ​a share exchange.
• C) ​a short-form merger.
• D) ​a purchase of assets.

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Definitions:

Prima Facie Unconscionable

A situation that appears unjust or extremely one-sided in favor of one party over another at first glance.

Remedies

Judicial methods used to uphold a right or address, remedy, or compensate for its infringement.

Commercial Sales Agreement

A contract between two parties in which goods are sold from the seller to the buyer under agreed terms.

UCC

The Uniform Commercial Code, a comprehensive set of laws that regulate sales and commercial transactions across the United States.