Which of the Following Are Uncommon Remedies Available to a Corporation's

question 55

Multiple Choice

Which of the following are uncommon remedies available to a corporation's minority shareholders through common law and legislation?

• A) appraisal and the return of surplus assets
• B) winding up and derivative action
• C) appraisal and derivative action
• D) winding up and the return of surplus assets

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Definitions:

Transfer Warranties

Guarantees made concerning the condition or legal status of goods at the time of their transfer to a new owner.

Discharged

The completion or termination of an obligation such as a debt or legal duty.

Liability

The state of being legally responsible for something, particularly in terms of debts or legal actions.

Check

A negotiable instrument, commonly used for transactions, instructing a bank to pay a specific amount from the drawer's account to the payee or bearer.