A holder of a single share of stock who objects to a merger has the power to stop the merger.

Group of answer choices

True

False

Flag question: Question 22

Question 22

1pts

In a merger situation, what is the right of a dissenting shareholder?

Group of answer choices

to enforce a consolidation instead of a merger.

to have their shares appraised and purchased by the corporation.

to block the merger until satisfied regarding its terms.

dissenting shareholders have no rights with respect to a merger.

Flag question: Question 23

Question 23

1pts

Outstanding shares of stock have been issued to stockholders.

Group of answer choices

True

False

Flag question: Question 24

Question 24

1pts

A creditor must only file a proof of claim if the bankruptcy trustee does not know of the existence of the claim.

Group of answer choices

True

False

Flag question: Question 25

Question 25

1pts

After all the creditors have been paid by the trustee, any balance is turned over to the debtor.

Group of answer choices

True

False

Flag question: Question 26

Question 26

1pts

All of the following are correct statements concerning wills,except: __________.

Group of answer choices

A will must be dated.

Self-proved wills are wills that carry a presumption that they are valid if executed according to the requirements set forth by statute.

Attestation is the act of witnessing the execution of a will.

Most states require two (2) witnesses to the execution of the will.

Flag question: Question 27

Question 27

1pts

The requirements to create a trust are uniform.

Group of answer choices

True

False

Flag question: Question 28

Question 28

1pts

If an express warranty is breached:

Group of answer choices

the warrantor is not liable if (s)he honestly believed that the warranty was true.

the warrantor is not liable if due care was exercised in the manufacture or handling of the product

the seller has no warranty obligation if the buyer had the opportunity to inspect the goods before purchasing them.

the warrantor is always liable.

Flag question: Question 29

Question 29

1pts

In certain instances statutes provide that a change of circumstances, such as the marriage of a testator, has the effect of arevocation.

Group of answer choices

True

False

Flag question: Question 30

Question 30

1pts

B-Corporations are for-profit corporations that create public benefits while providing economic returns to their investors.

Group of answer choices

True

False