Fact Pattern 38-1B

Multiple Choice

Fact Pattern 38-1B
Standard Company and Typical Corporation form United, Inc., a close corporation, and agree to restrict the transfer of its stock to anyone else. SC sells its physical assets, but not its United stock, to Variety, Inc. TC files a suit against SC.
-Refer to Fact Pattern 38-1B. Under the reasoning of the court in Case 38.2, Salt Lake Tribune Publishing Co. v. AT&T Corp., SC's sale of its assets

A) did not invalidate, violate, or void the stock transfer restriction.
B) invalidated the stock transfer restriction.
C) voided the stock transfer restriction.
D) violated the stock transfer restriction.