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Fact Pattern 31-6 Sweet Inc

Question 27

Multiple Choice

Fact Pattern 31-6 Sweet Inc. acquires all of the assets of Tart Inc . by direct purchase.
Refer to Fact Pattern 31-6. Upton is a Tart shareholder who does not approve of the deal. In most states, Upton can


A) reverse the deal so that Tart acquires all of the assets of Sweet.
B) insist that the companies carry out their corporate purposes.
C) demand appraisal rights.
D) require the parties to cancel the deal.

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