An Agreement Between Shareholders to Restrict the Transfer of a Closely

question 37

True/False

An agreement between shareholders to restrict the transfer of a closely held corporation's stock is illegal.

---

Definitions:

Tax Revenue

The revenue obtained by governments from taxes.

Economic Factors

Variables such as inflation, interest rates, economic growth, and unemployment that influence the performance of an economy.

Elasticity of Supply

The responsiveness of the quantity supplied of a good to a change in its price.

Farm Product

Goods that are produced by farming activities, such as crops and livestock, intended for consumption or further processing.