The Is Quickly Becoming the Most Widely Used Shareholder Remedy

question 29

Multiple Choice

The is quickly becoming the most widely used shareholder remedy in Canada.

• A) "just and equitable" winding- up
• B) appraisal remedy
• C) common law derivative action
• D) oppression remedy
• E) statutory derivative action

---

Definitions:

Obligation

A duty or commitment imposed by law, contract, or moral duty.

Breach of Contract

The failure to perform as specified by the terms of a contract without a legitimate legal excuse.

Tong

An organization or society, often referring to Chinese secret societies or fraternal organizations, some of which were involved in criminal activities.

Privity of Contract

A legal concept indicating that contracts are binding only upon the parties signing the contract, excluding any third parties.