Which of the Following Is True Regarding State Approval of Consolidations

question 29

Multiple Choice

Which of the following is true regarding state approval of consolidations?

• A)The secretary of state must approve consolidations so long as the corporate entity at issue has sufficient assets.
• B)The secretary of state must approve consolidations so long as no more than 10% of either company's shareholders object.
• C)After reviewing the plan to see that legal requirements are met,the secretary of state issues a certificate to grant approval.
• D)There is no requirement that the state approve consolidations.
• E)The secretary of state must approve consolidations so long as creditors of the corporate entity at issue do not remain unpaid.

Identify the parties involved in international trade transactions and their roles.

Understand dispute resolution mechanisms in international trade.

Recognize different types of business arrangements in international trade and commerce.

Understand the jurisdictional aspects of international law.

---

Definitions:

Treasury Bills

Short-term government securities issued at a discount from their face value and maturing at par.

Interest Rate

An Interest Rate is the percentage of principal charged by a lender for the use of its money or the rate earned on deposited funds.

Collection Float

The time period between when a check is deposited in a bank and when the amount is available in the account, affecting cash flow management.

Interest Rate

The rate at which interest is imposed on a loan for the borrower, often expressed as an annual percentage of the outstanding loan.