A(n) ________ requires a selling shareholder to obtain the consent of the corporation or the other shareholders before she may sell her shares.

A) buy-and-sell agreement
B) right of first refusal
C) option agreement
D) consent restraint

Consent Restraint

Limitations or restrictions placed on actions or decisions based on the consent of the parties involved, often relating to contracts or agreements.

Selling Shareholder

An existing stockholder who offers their shares for sale in the context of a securities offering.

Obtain Consent

The act of receiving permission or approval from someone to proceed with a specific action or process.