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Java Corporation Wants to Purchase All of the Assets of Kaffeen

Question 52

Multiple Choice

Java Corporation wants to purchase all of the assets of Kaffeen Corporation.Loni is a Kaffeen shareholder.The approval of Loni and other Kaffeen shareholders is necessary


A) in all circumstances.
B) in no circumstances.
C) only if Kaffeen will be paid with unauthorized,unissued stock.
D) only if Java assumes Kaffeen's liabilities as part of the deal.

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