Having an undivided interest in a company means that:
a. shareholders may divide up company property among themselves at any time b. shareholders may demand a company's product equal to their investment
c. shareholders may not divide company property amongst themselves unless they liquidate the company d. shareholders may only sell their shares if they sell all of them at once
e. none of the other choices are correct
Question 2
In Matter of Kmart Corp the appeals court held that the bankruptcy trustee was wrong to allow Kmart to make payments to preferred vendors, rather than others with better claims, as part of a Chapter 11 strategy to remain in business.
a. True
b. False
Indicate whether the statement is true or false
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