Correct Section 11a Section 13d Section 15d 1232019 Quiz 7

Correct section 11a section 13d section 15d 1232019

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Correct! Section 11(a) Section 13(d) Section 15(d)
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12/3/2019 Quiz 7 (Module 13-14) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment 4/11 1 / 1 pts Question 7 Dino, a director of LetsGo Inc., purchases 100 shares of the company at $100 per share on 5 January 2011 and sells them on 15 February at $110 per share. Because the shares were bought and sold within a six-month period, Dino will have to return the $1,000 profit to the company under the _____ rule. th th res judicata profit preemptive profit short-swing profit Correct! Correct! proxy solicitation profit ultra vires profit 1 / 1 pts Question 8 Members of the Securities and Exchange Commission have staggered _____ terms. five-year Correct! seven-year two-year three-year ten-year 0 / 1 pts Question 9
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12/3/2019 Quiz 7 (Module 13-14) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment 5/11 A corporation that goes bankrupt ceases to exist legally. True You Answered You Answered False orrect Answer 1 / 1 pts Question 10 Under Sections 14.06 and 14.07 of the Revised Model Business Corporation Act, a dissolved corporation: endures despite the vicissitudes of the economy or the corporation's internal affairs. is a company incorporated outside the state in which it is doing business. purchases an asset in the form of a leveraged buyout. must provide written notice of the dissolution to its creditors. Correct! Correct! it can merge with the target company the so-called short-form merger. 0 / 1 pts Question 11 States may end a corporation's existence for certain reasons, even if the Articles of Incorporation specify that the 'duration of the corporation is "perpetual." True orrect Answer orrect Answer False You Answered You Answered
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12/3/2019 Quiz 7 (Module 13-14) (Remotely Proctored): BUS110-81195 Bus Law/Legal Environment 6/11 1 / 1 pts Question 12 The tender offer is an invitation to shareholders to sell their shares at a stipulated price. True Correct! False 1 / 1 pts Question 13 A horizontal merger occurs between competitors. True Correct! Correct! False 1 / 1 pts Question 14 A consent decree is a judicial order entered into by defendants in lieu of litigating, in which they admit their guilt but agree to not carry on certain activities complained of.
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