Use the Fact Situation in Q11 to Answer the Related

question 62

Multiple Choice

Use the fact situation in Q11 to answer the related question that follows. The most likely result of the recourse taken by Mary will be that

• A)the court will order that Mary's shares be valued and then purchased by the remaining shareholders.
• B)the court will order Mary and all of her benefits and positions reinstated.
• C)the court will find that the other three directors have breached their obligation to act in the best interests of the company.
• D)the court will order the other three out of the company.
• E)the court will order the company to pay Mary damages.

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Definitions:

Reasonable Hours

A period deemed acceptable or typical for work, activity, or operation, often within the context of employment or service provision.

Reasonable Period

A time frame considered to be fair and appropriate under the circumstances, often used in legal and contractual contexts.

Bailee

A bailee is a person or entity that temporarily holds property under a bailment agreement, in which physical possession but not ownership of personal property is transferred from one party (the bailor) to another (the bailee) for a specified purpose.

Risk of Loss

Refers to the risk that an item may be damaged, destroyed, or lost, and determines which party is responsible for bearing that risk at different points in a transaction.