Select the best answer and whycase lea cindy and dana form, Ask an Expert

Management Studies

Select the best answer, and why.

CASE: Lea, Cindy, and Dana form Dine Inc. (LCD), a closely held corporation, and agree to restrict the transfer of its stock to anyone else.

A reasonable purpose for a stock transfer restriction in a closely held corporation, like the agreement between Lea, Cindy, and Dana, is

1. an attempt to restrain the free flow of commerce among investors.

2. a wish to restrict the transfer of the shareholders' physical assets.

3. a desire to limit the participation of outsiders in the firm.

4. a goal to restrain insiders from taking advantage of their position.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92785908

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