NACVA Exam CVA Topic 3 Question 87 Discussion

Actual exam question for NACVA's CVA exam

Question #: 87
Topic #: 3

[All CVA Questions]

There are many subtitles to the application of fair value for cooperate law purposes. For example, some states consider concepts of ''entire fairness.'' There are following aspects of entire fairness EXCEPT:

AAbsolute fairness

BRelative fairness

CCompetence and thoroughness

DReorganization

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Suggested Answer: A

by Desiree at May 22, 2024, 03:30 AM

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Taryn

1 months ago

Ah, the joys of corporate law. Where the only thing 'entire' is the headache you get trying to decipher these questions.

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France

1 months ago

Hmm, 'entire fairness'? Sounds like something out of a fancy corporate boardroom. If the answer's not 'D) Reorganization,' I'm going to be seriously disappointed in the exam writer's sense of humor.

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Malika

1 days ago

B) Relative fairness

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Lennie

7 days ago

A) Absolute fairness

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Shanda

17 days ago

C) Competence and thoroughness

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Yvonne

1 months ago

B) Relative fairness

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Pura

1 months ago

A) Absolute fairness

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King

2 months ago

This question is making my head spin. Maybe I should've taken that 'Corporate Law for Dummies' course before attempting this exam.

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Cherrie

3 days ago

C) Competence and thoroughness

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Asuncion

12 days ago

B) Relative fairness

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Honey

1 months ago

A) Absolute fairness

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Georgiann

2 months ago

Okay, let's see. Absolute fairness, relative fairness, and competence and thoroughness all sound like they could be 'entire fairness' concepts. But reorganization? I don't know, that one seems a bit out of left field.

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Karl

1 months ago

User 2: Yeah, but reorganization doesn't really fit in with those concepts.

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Wai

2 months ago

User 1: I think absolute fairness, relative fairness, and competence and thoroughness are all part of entire fairness.

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Rodolfo

2 months ago

Huh, entire fairness? That sounds like something out of a corporate drama. I hope the answer isn't 'D) Reorganization' - that would be too obvious, even for a lawyer.

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