Solved

Which of the Following Is True About a "Buy-And-Sell" Agreement

Question 92

Multiple Choice

Which of the following is true about a "buy-and-sell" agreement among corporate shareholders?


A) They are most often entered into among shareholders of large, publicly-held corporations, since it is otherwise difficult to monitor the large number of stock transactions.
B) They always provide for the purchase of shares by the corporation, in the event a shareholder desires to sell shares.
C) They can provide for the sale of shares to either the corporation or to other shareholders at the price specified in the agreement.
D) They usually also contain an agreement for a voting trust.
E) They are enforceable, but only if the agreement provides for a fair price.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents