61. What is a distinguishing characteristic attributable to preferred shares?

a. They include a right to vote.

b. They must state "nonvoting" on the share certificate itself.

c. They have a preferential right in the distribution of proceeds on dissolution.

d. They do not usually share in dividends.

62. What is the most important factor contributing to a shareholder's decision to exercise her pre

emptive right?

a. a desire to inspect the register of share transfers

b. a need to ask the court to appoint an inspector

c. a desire to maintain her current level of control

d. a need to know if directors are purchasing shares

63. Which of the following are uncommon remedies available to a corporation's minority

shareholders through common law and legislation?

a. appraisal and the return of surplus assets

b. winding up and derivative action

c. appraisal and derivative action

d. winding up and the return of surplus assets