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Question
Fact Pattern 24-2Bertram, Claudia, and Dynah form Eat Local, Inc., a closely held corporation, and agree to restrict the transfer of its stock to anyone else. The agreement provides that if one of the shareholders dies, his or her shares of stock in Eat Local will be divided to maintain the proportionate control of the survivors.
Refer to Fact Pattern 24-2. Later, Bertram dies. With respect to the stock transfer restriction agreement, Bertram's death most likely
A.triggers the division provision.
B.invalidates the entire agreement.
C.voids the division provision only.
D.violates the entire agreement.
Answer
This answer is hidden. It contains 2 characters.
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