Which of the following was a finding of the court in Shiftan v.Morgan Joseph Holdings Inc. ,the case in the text involving stock appraisal rights following a merger?
A) That the doctrine of contra proferentem,meaning that contracts are construed in accordance with standard criteria for contract interpretation,is applied when interpreting certificates of incorporation.
B) That an appraisal proceeding takes into account and considers any relevant element of value arising from the accomplishment or expectation of a merger or consolidation.
C) That standard rules of contract interpretation do not apply to the interpretation of certificates of incorporation.
D) That parol evidence,while often available,is inadmissible when interpreting certificates of incorporation.
E) That in valuing the stock at issue,the fact that the stock would have been entitled to a mandatory redemption a few months after the merger was irrelevant.
Correct Answer:
Verified
Q15: When involuntary dissolution occurs, courts automatically appoint
Q19: A merger or consolidation plan must be
Q21: Which of the following types of mergers
Q22: In which of the following does an
Q23: In the text case,Hartleib v.Sirius Satellite Radio
Q25: What key piece of information does an
Q26: In a short-form merger,the parent corporation must
Q27: Which of the following is generally false
Q28: In a consolidation,shareholders of the new corporation
Q29: If a merger increases the number of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents