Sugar corporation wishes to purchase all of spice corporation's bakery equipment. sugar corporation does not have to:
a. ensure that it has adequate funding for the purchase.
b. form a purchase contract with spice corporation.
c. obtain the approval of its board of directors.
d. obtain share-holder approval for the purchase.

Sugar Corporation does not have to obtain share holder approval for the purchase.

Explanation:

Share-holders elect the board of directors for management purposes which includes looking over the purchase of equipments. Since, Sugar Corporation wishes to purchase all of Spice Corporation's bakery equipment, the approval of board of directors of sugar corporation is enough to carry out the purchase. Also, ensuring existence of adequate funding for the purchase and formation of contract with spice coporation is also an important requirement. The share holders are involved in cases like mergery i.e merging of two or more companies to form one so in this case share holder approval is not required.

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