Multiple Choice
Smith,director of ABC Ltd.,intercepted a corporate opportunity for his own benefit and thereby caused the corporation to miss a $45 000 profit.A shareholder urged the board of directors to take action against him.The other directors,all close friends of Smith from school days,did not take any action against him,although they did voice their dissatisfaction with his move.Which of the following provisions would aid the shareholder?
A) pre-emptive right provision
B) indoor-management rule
C) derivative-action provision
D) dissent procedure
E) relief-from-oppression provision
Correct Answer:
Verified
Correct Answer:
Verified
Q50: Indicate the main disadvantages to incorporation.
Q51: Usually, a _ will bear a promise
Q61: What is the significance of a corporation
Q82: Which of the following is not an
Q83: A corporation is considered to be a
Q84: Kent incorporated provincially. The corporation worked with
Q98: Andrea agreed to form a corporation with
Q104: Which one of the following is an
Q105: ABC Ltd.is a closely held corporation.Two of
Q107: The directors held their last meeting on