Java Corporation Wants to Purchase All of the Assets of Kaffee

question 68

Multiple Choice

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

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

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