Under Shareholder Appraisal Rights, the Shareholder and the Corporation Must

question 13

True/False

Under shareholder appraisal rights, the shareholder and the corporation must agree on the shares' fair value or a court will determine it.

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Definitions:

Unconscionable

Refers to actions or terms in contracts that are so unfair or oppressive to one party that no reasonable or informed person would agree to them.

Contract Provision

A specific clause, term, or condition outlined within a contract that specifies obligations, rights, or restrictions.

Court

An institution that has the authority to make decisions on various types of disputes and legal matters, often comprising judges and following a set system of laws.

Unconscionable

Defined as something that is shockingly unfair or unjust, often used in a legal context to describe terms or agreements.