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    Law for Business Study Set 2
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    Exam 28: Formation and Termination of Corporations
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    _____ Is a Basic Restriction Governing the Transferability of Shares
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_____ Is a Basic Restriction Governing the Transferability of Shares

Question 20

Question 20

Multiple Choice

_____ is a basic restriction governing the transferability of shares in a close corporation.


A) Piercing the veil
B) Quo warranto
C) Right of first refusal
D) Ultra vires

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