Which of the Following Is True of Barbara's Plan to Continue

question 8

Multiple Choice

Which of the following is true of Barbara's plan to continue with disbanding the corporation over Willy's objection?

• A) She could not continue with her plan because unanimous approval of shareholders was required.
• B) She could proceed with her plan.
• C) It is unknown if she could proceed with her plan because Willy's agreement was essential if he owned more than 30% of the company's shares.
• D) It is unknown if she could proceed with her plan because Willy's agreement was essential if he owned more than 20% of the company's shares.
• E) It is unknown if she could proceed with her plan because Willy's agreement was essential if he owned more than 10% of the company's shares.

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