Multiple Choice
Consent restraints and provisions disqualifying purchasers may be used as long as:
A) they are not manifestly unreasonable.
B) at least one party consented to the provision.
C) the limitation is not unfair under prevailing professional norms.
D) the provision has a legitimate business interest.
Correct Answer:
Verified
Correct Answer:
Verified
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Q34: Regardless of what state a corporation files
Q35: In close corporations,free transferability of shares as
Q36: Watered shares are shares issued for consideration
Q37: A right of first refusal on a
Q39: Under the Model Business Corporation Act (MBCA),a
Q40: A clause in a contract that states
Q41: _ shares are issued for less than
Q42: As per the Model Nonprofit Corporation Act
Q43: Sharon entered into a preincorporation share subscription