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1. Corporation A and Corporation B combine. The result is that Corporation A survives the transaction shareholders of Corporation B are not satisfied with the
1. Corporation A and Corporation B combine. The result is that Corporation A survives the transaction shareholders of Corporation B are not satisfied with the compensation they received for the acquisition of Corporation B. The shareholders who dissent may have A. all the options B. a right of first refusal C. an appraisal right D. cash 2. If Corporation A wants to acquire Corporation B by buying all of the stock in Corporation B, but the directors of Corporation B object, it is called: A. a right of first refusal B. a hostile takeover C. a share conversion D. a merger 3. If Corporation A wants to acquire Corporation B by buying all of the stock in Corporation B, but the directors of Corporation B object. If the directors of Corporation B want to make it less desirable for Corporation A to acquire Corporation B, they may implement a ______ strategy. A. illegal B. poison pills C. ultra vires D. none of the options 4. If the shareholders of a corporation cannot agree as to the future and management of the corporation, or if there is illegal conduct in the management of the corporation, the shareholders may bring a lawsuit asking for: A. a derivative lawsuit B. judicial dissolution of the corporation C. articles of dissolution D. none of the options 5. Your friend, Ninja Ninjason owns land and wants to build a for-profit ninja warrior training course, Warriors Training Fast, Inc. ("WTF), Ninja needs money to build the course, and you are experienced in construction of such courses. If Ninja sells you shares in stock, and you will serve as an officer and director, and you will supervise construction of the course ________ A. all of the options B. your shares of stock in WTF are not securities because you will be contributing to the management of the corporation C. the shares must be registered D. your shares of stock in WTF are securities 6. During an aromatherapy session, Ninja Ninjason tells his aesthetician, Oren Odorsonthat WTF is about to buy its competitor for a bargain and that WTF stock should soon double in value. If buys WTF stock the next day, could face liability: A. as a tippee B. as a tipper C. for breach of a fiduciary duty D. for an ultra vires act
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