1. Shareholder appraisal rights are generally available in all the following situations EXCEPT

Select one or more:

a. selling of all or substantially all of a corporation's assets

b. a share exchange

c. direct purchase of another corporation's assets

d. short form merger

2. Canvas Marketing Corporation is able to merge Outreach Marketing company without the approval of shareholders for either Canvas or Outreach because

Select one or more:

a. it was a parent-subsidiary merger.

b. it was an extraordinary matter not requiring approval.

c. the directors of both companies agreed to the merger.

d. it was a hostile takeover by Canvas of Outreach.

3. All of the following are requirements for merger under the RMCBA EXCEPT

Select one or more:

a. The merger plan must state any terms and conditions of the merger.

b. The Board of Directors of at least one corporation must approve the merger.

c. The majority of shareholders in each corporation must approve the merger.

d. The merger must state how the values of shares of each corporation will be determined.