Max buys shares of newly issued Zamex Corporation stock for $10 per share and pays $1,000 cash, a car worth $2,000, and a promissory note for $5,000. Under traditional corporate law, followed in about half of the states, how many shares of stock could Max validly buy?
A) 100
B) 300
C) 800
D) 600
B
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Indicate whether the statement is true or false