Java Corporation Wants to Purchase All of the Assets of Kaffeen

question 38

Multiple Choice

Java Corporation wants to purchase all of the assets of Kaffeen Corporation.Loni is a Kaffeen shareholder.The approval of Loni and other Kaffeen shareholders is necessary

• A)in all circumstances.
• B)in no circumstances.
• C)only if Kaffeen will be paid with unauthorized,unissued stock.
• D)only if Java assumes Kaffeen's liabilities as part of the deal.

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Definitions:

Sankofa

A word from the Akan language of Ghana that expresses the importance of reaching back to knowledge gained in the past and bringing it into the present in order to make positive progress.

Patrilineal Descent

A system of lineage tracing in which an individual's family membership derives from and is recorded through his or her father's line.

Descent Confers Authority

A principle in certain societies where social status, rights, and leadership roles are determined by one's lineage or family heritage.

Phratry

A social unit or grouping larger than a family but smaller than a tribe, often linked by common descent, marriage, or ritual.