Identify Which of the Following Statements Is False

question 47

Multiple Choice

Identify which of the following statements is false.

• A)In a Type C reorganization, the acquired corporation must distribute stock, securities, and other property it receives to its shareholders.
• B)A Type C reorganization is less flexible than a Type A reorganization because of the solely-for-voting stock requirement of a Type C.
• C)To qualify as a Type C reorganization, the target corporation must be formally dissolved.
• D)In a Type C reorganization, shareholders of the acquiring corporation generally do not have to approve the acquisition.

---

Definitions:

Impulsive

Acting without forethought or consideration of the consequences, typically driven by immediate desires or emotions.

Illogical

Lacking sense or clear, sound reasoning.

Emotional

Pertaining to feelings or affective states, often influencing behavior, thought processes, and physical states.

Reality Principle

A concept in psychoanalytic theory that represents the ability of the mind to assess the external world and act upon it accordingly, often seen as a counter to the pleasure principle.