Firelite Corporation Wants to Purchase All of the Assets of Glo

Multiple Choice

Firelite Corporation wants to purchase all of the assets of Glo Power Products, Inc. Hadji is an Firelite shareholder. The approval of Hadji and other Firelite shareholders is necessary

A) in all circumstances.
B) in no circumstances.
C) only if Firelite plans to pay with unauthorized, unissued stock.
D) only if the purchase extends Firelite's control over more assets.