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A provision in the bylaws of Wells Fergo Corporation allows each shareholder to maintain his proportionate control by giving preference over prospective purchasers to purchase

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A provision in the bylaws of Wells Fergo Corporation allows each shareholder to maintain his proportionate control by giving preference over prospective purchasers to purchase a pro-rated share of the new stock. This provision is called Select one: O a. Cumulative voting. O b. Stock warrants. O c. Pro-rata rights O d. preemptive rights. Xavier, owner of a manufacturing plant, secures a line of credit from Stroh's Bank in the amount of $500,000, putting up all of his equipment as collateral. The security agreement includes any future advances Xavier takes. On February 1, Abe takes $100,000 from the Bank. On June 15, he takes another $100,000 from the Bank. Which of the following is true? Select one: O a Because Xavier defaulted in February, the Bank should not have allowed him to take more money in June. O. Stroh's Bank must execute a security agreement in both February and June to preserve its interest in the equipment. O c. Stroh's Bank only has a security interest in equipment Zavier owned in February, and not any new equipment, even if purchased with money taken from the line of credit in June Od Stroh's Bank does not need to execute additional security agreements after the line of credit is granted

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