Fact Pattern 31-3 Bank Company decides to combine its operations with Credit Corporation to form Debit Finance Inc. Bank and Credit are domestic corporations.
Refer to Fact Pattern 31-3. Before a vote is taken on the proposed combination, sufficient information to evaluate the deal must be given to each corporation's
A) shareholders.
B) creditors.
C) officers and other employees.
D) marketing departments.

Question

Quizplus · Accepted Answer

Shareholders must be provided with sufficient information to evaluate the proposed combination as they have the right to vote on significant corporate changes, such as mergers.

Fact Pattern 31-3 Bank Company Decides to Combine Its Operations