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Which of the Following Is True of Barbara's Plan to Continue

Question 8

Multiple Choice

Which of the following is true of Barbara's plan to continue with disbanding the corporation over Willy's objection?


A) She could not continue with her plan because unanimous approval of shareholders was required.
B) She could proceed with her plan.
C) It is unknown if she could proceed with her plan because Willy's agreement was essential if he owned more than 30% of the company's shares.
D) It is unknown if she could proceed with her plan because Willy's agreement was essential if he owned more than 20% of the company's shares.
E) It is unknown if she could proceed with her plan because Willy's agreement was essential if he owned more than 10% of the company's shares.

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