A(n)________ Requires a Selling Shareholder to Obtain the Consent of the Corporation

question 1

Multiple Choice

A(n) ________ requires a selling shareholder to obtain the consent of the corporation or the other shareholders before she may sell her shares.

• A)buy-and-sell agreement
• B)right of first refusal
• C)option agreement
• D)consent restraint

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Definitions:

Influence

The capacity to have an effect on the character, development, or behavior of someone or something, or the effect itself.

Emotional Stability

A personality trait characterized by the ability to remain calm and composed, especially in stressful situations.

Relaxed

A state or condition of being free from tension, stress, or anxiety, often associated with a calm and peaceful environment or demeanor.

Unworried

Pertains to a state of not being anxious or concerned.