Use This Fact Situation to Answer the Related Questions That

question 64

Multiple Choice

Use this fact situation to answer the related questions that follow. George,John,Edward,and Mary each own 25 percent of the common shares of a private company that they incorporated five years ago.At that time,they decided that they did not need a shareholders' agreement.Now there has been a falling out between them and the three men have used their majority vote to take away Mary's salary,terminate her employment with the company,and remove her as a director and officer of the company.
In this case,Mary has recourse to

• A)a derivative action.
• B)an oppression remedy.
• C)the appraisal remedy.
• D)winding up the company.
• E)all of the above

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Definitions:

Maximum Reservation Point

The highest price a consumer is willing to pay for a good or service, beyond which they will choose not to purchase it.

Reservation Point

The least favorable point at which one will accept a deal during negotiations, beyond which they will walk away.

Bargaining Zone

A range within which an agreement is satisfactory to both parties involved in a negotiation process.

Principled Negotiation

A negotiation strategy that seeks mutual gains by focusing on the interests behind the positions held by parties, aiming for a win-win outcome.