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QUESTION 1 If a shareholder sells his or her stock in a corporation, what is the effect of that sale on the corporation? The corporation

QUESTION 1

If a shareholder sells his or her stock in a corporation, what is the effect of that sale on the corporation?

The corporation has to be reorganized to include the new shareholders.

There is no effect on the corporation.

The existence of the corporation ends, and a new corporation must be created.

The sale is not effective to transfer the stock to the other party to the sale.

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