Bertram,Claudia,and Dynah Form Eat Local,Inc

question 31

Multiple Choice

Bertram,Claudia,and Dynah form Eat Local,Inc. ,a closely held corporation,and agree to restrict the transfer of its stock to anyone else.A reasonable purpose for a stock transfer restriction in a closely held corporation,like the agreement between Bertram,Claudia,and Dynah,is

• A)a desire to limit the participation of outsiders in the firm.
• B)a goal to restrain insiders from taking advantage of their position.
• C)an attempt to restrain the free flow of commerce among investors.
• D)a wish to restrict the transfer of the shareholders' physical assets.

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Definitions:

Existential Import

In logic, the implication or presumption of the existence of something.

Vaccine

A biological preparation that provides active acquired immunity to a particular infectious disease.

Ineffective

Refers to something that does not produce the desired result or is not having the intended effect.

Available

Accessible or at hand; able to be used or obtained.