Canadian Courts Have Consistently Held That a Majority Shareholder Owes

question 3

Multiple Choice

Canadian courts have consistently held that a majority shareholder owes ________ to act for the welfare of the corporation.

• A)fiduciary duties
• B)no positive duty
• C)a duty of loyalty
• D)a non-compete duty
• E)a positive duty

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Definitions:

Genetic Drift

A mechanism of evolution that results in random changes in the frequency of alleles within a population over time.

Allele Frequencies

The proportion of different alleles of the same gene within a given population.

Cladistics

Making hypotheses about evolutionary relationships among clades.

Shared Characteristics

Traits or features that are common across a group of organisms, indicating a degree of genetic, structural, or functional similarity.