The Three Shareholders of Omega, Inc

question 57

Multiple Choice

The three shareholders of Omega, Inc., want to prevent each other from sell?ing the shares to third parties without first being given the opportu?nity to buy them. The shareholders can provide for this in

• A) a buy-sell agreement that includes a right of first refusal.
• B) a buy-sell agreement that includes a "take-along" clause.
• C) a key-person clause that specifies who can sell what to whom.
• D) a stop-and-desist clause that dissolves the firm on a sale of shares.

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Definitions:

Manufacturing Statement

A financial document summarizing the costs associated with the production of goods within a specific period, including materials, labor, and overhead.