What is the term for an agreement that makes the shareholder sell his shares back to the corporation at a price determined in the agreement and binds the corporation to purchase the shares?
A)Option agreement
B)Buy-and-sell agreement
C)Fiduciary agreement
D)International agent agreement

Question

Quizplus · Accepted Answer

A buy-and-sell agreement will bind the shareholder to sell the shares to the corporation and bind the corporation into purchasing the shares.

What Is the Term for an Agreement That Makes the Shareholder