Smith and Robersons Business Law Study Set 2
Quiz 36 :
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Q28 Q28 Q28
Under the CFPA of 2010, publicly held companies must, on their proxy solicitations, disclose and provide shareholders with a binding vote to approve any type of compensation based on or relating to mergers, consolidations, or the proposed sale of all of the assets of the company.
Q32 Q32 Q32
The management of Corporation A forms Corporation B in which management owns some stock and institutional investors own the rest.Corporation B issues bonds to institutional investors to raise cash, with which it purchases the assets or stock of Corporation A.The assets of Corporation A are used as security for the bonds.This action by management is best described as a:
Q50 Q50 Q50
Larson & Son manufactured welders that frequently malfunctioned, setting clothing on fire and causing serious burns.Larson & Son sold all of its assets to Swenson Co., which continued to manufacture the Larson welder product line.Eighteen months after Swenson's purchase, one of Larson's customers sued Swenson for injuries caused by a welder purchased from Larson, one year prior to the purchase by Swenson.Under the circumstances, Swenson Co.: