Essay
Allied Van Lines has structured its company by giving its franchisees stock ownership in the company.On the stock is the following language:??NOTE: Restrictions apply to ownership of this stock.Only franchisees and employees of Allied Van Lines can own this stock.In the event of a franchise or employment termination,the stock must first be offered to the Allied Board for purchase.Is the restriction valid?
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Yes,the restriction is probabl...View Answer
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Correct Answer:
Verified
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