Under the Doctrine of Conditional Liability,a Plaintiff May Recover Punitive

question 8

True/False

Under the doctrine of conditional liability,a plaintiff may recover punitive damages if the defendant's conduct has been reckless or intentional.

---

Definitions:

Minority Shareholders

Shareholders who own less than 50% of a company's shares and, therefore, do not have a controlling interest in company decisions.

Exclusionary Self-tender

A corporate strategy in which a company offers to purchase its own shares from shareholders, typically at a premium, as a means to reduce the number of outstanding shares and thus potentially increase the share price.

Repurchase Agreement

A financial transaction in which one party sells a security to another party with the promise to buy it back at a specified date and price.

Poison Pill

A strategy used by companies to deter hostile takeovers by making the company less attractive to the potential acquirer.