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Widget Corp. is in the business of selling widgets. Last year, its revenues were $10 million. Buyer Corp. wants to buy $5 million worth of

Widget Corp. is in the business of selling widgets. Last year, its revenues were $10 million. Buyer Corp. wants to buy $5 million worth of widgets from Widget Corp., to be delivered one month from now.
Is the approval of Widget Corp.'s shareholders necessary for this sale? Explain.

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