Match the Following: A.Transaction Used to Eliminate Minority Shareholders and Take a Publicly

question 22

Essay

Match the following:
a.Transaction used to eliminate minority shareholders and take a publicly held corporation private.b.Authorization to vote another's shares at a shareholder meeting.c.Device designed to concentrate corporate control in one or more persons;transfer of corporate shares' voting rights to another person.d.Right to receive fair value of one's shares.e.Entitles shareholders to multiply the number of votes they are entitled to cast by the number of directors for whom they are entitled to vote.f.Minimum number necessary to be present at a meeting in order to transact business.g.Brought by a shareholder on behalf of the corporation to enforce a right belonging to the corporation.h.Brought by a shareholder against the corporation based upon his ownership of shares.i.Must exercise ordinary care and prudence.j.Procedure permitting a corporation to change its state of incorporation.k.Must act within respective authority.l.The combination of assets of two or more corporations into one of the corporations.m.Precludes imposing liability on directors and officers for honest mistakes if they act with due care,in good faith,and in a manner reasonably believed to be in the best interests of the corporation.n.A writing evidencing that owners of shares will vote in a specified manner.o.A general invitation to all of the shareholders of a target company to tender their shares for sale at a specified price.
-business judgment rule

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Definitions:

Exchange

A marketplace or platform where goods, services, or financial instruments are traded between parties.

Negotiable Instrument

A signed document that promises a specified sum of money to a specific person or entity and is transferable to others.

Substitute

A person or thing acting or serving in place of another, often used in employment or ingredient contexts.

Credit Device

A mechanism or tool, such as a credit card or loan, that extends credit to borrowers for purchases or cash advances.