Asked by ritika sharma on May 10, 2024
Verified
Which of the following is not considered a transfer restriction?
A) Right of first refusal
B) Option agreement
C) Provisions disqualifying purchasers
D) Fiduciary agreement
Transfer Restriction
Legal limitations placed on the transferability of securities or other assets, which may require certain conditions to be met before transfer can occur.
Fiduciary Agreement
A legal or ethical relationship of trust between two or more parties, typically where one party agrees to act in the best interests of another.
Option Agreement
A contract granting a party the right, but not the obligation, to buy or sell an asset at a determined price within a specific time frame.
- Distinguish between transfer restrictions and their application in corporate law.
Verified Answer
Learning Objectives
- Distinguish between transfer restrictions and their application in corporate law.
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