Bagels & Donuts Corporation wants to purchase all of the assets of Coffee & Tea Inc. Dolly is a Coffee & Tea shareholder. The approval of Dolly and other Coffee & Tea shareholders is necessary
A) in all circumstances.
B) in no circumstances.
C) only if Coffee & Tea will be paid with unauthorized,unissued stock.
D) only if Bagels & Donuts agrees to assume Coffee & Tea's liabilities.
Correct Answer:
Verified
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