Which of the Following References a Right of a Corporation

question 54

Multiple Choice

Which of the following references a right of a corporation or its shareholder to purchase any shares of stock offered for resale by a shareholder within a specified period of time?

• A) Right of adequate refusal
• B) Right of first refusal
• C) Right of first purchase
• D) Right of first acknowledgement
• E) Superior right of purchase

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Definitions:

Probability

The quantification of an event's chance of happening, represented as a number from 0 to 1.

Sample Space

The collection of every potential result or outcome from a probabilistic experiment.

Random Experiment

An experiment or process for which the outcome cannot be predicted with certainty beforehand.

Mutually Exclusive

Two events that cannot occur at the same time, implying that the occurrence of one event precludes the occurrence of the other.