Frank and Emma Are Shareholders in a Cell Phone Company

question 51

Multiple Choice

Frank and Emma are shareholders in a cell phone company that they started together.Emma provided $10 000 for the hardware,while Frank provided $40 000 for the software and the store itself.Frank decided to make a shareholders' agreement with Emma prior to starting the company to ensure she would not sell her shares to competitors at any time in the future.By doing this,Frank has most likely created which type of share transfer rule?

• A)A non-competition agreement
• B)A right of first refusal
• C)A shotgun buy-sell
• D)A share protection agreement
• E)A unanimous shareholder's agreement

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Definitions:

Short-term Memory

A type of memory that holds a small amount of information for a short period, typically seconds to minutes.

Tolerate Sleeplessness

The ability to endure periods without sleep without significant impairment to functions or health.

Sexual Activity

Behaviors involving sexual intercourse or other actions aimed at sexual pleasure between individuals.

Stressful Events

Situations or occurrences that put psychological or physical strain on individuals, often triggering stress responses.