Under the Right of First Refusal,either the Corporation or Its

question 32

True/False

Under the right of first refusal,either the corporation or its shareholders are given the right to buy shares offered for sale to an outsider willing to purchase them.

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Definitions:

Implied Warranty

An unwritten guarantee that the product sold will meet a minimum level of quality.

Habitability

The suitability of a living space being safe and comfortable enough for human occupancy.

Assign

To transfer rights or duties under a contract or legal agreement to another party.

Silent

Characterized by the absence of sound or the decision not to speak or disclose information.