Mr Ace of Oink Inc

question 52

Multiple Choice

Mr. Ace of Oink Inc., a closely held corporation, is one of three shareholders. After several years of considerable success, the corporation hit hard times. The other shareholders, Mr. Bane and Mr. Curr, in the best interests of the corporation, voted Mr. Ace out as a director and voted not to renew his employment contract. Upset by these events, Mr. Ace just wanted to sell his interest and leave the corporation. The other two shareholders, however, refused to buy his shares. Furthermore, when he attempted to sell his shares to his brother, who was interested in the corporation, they refused to register the brother as a member. Which of the following is true?

• A) Because of statutory pre-emptive right provisions, if Ace wants out, the other shareholders must buy him out.
• B) Mr. Ace could sue the corporation for breach of its fiduciary duty.
• C) The court would "lift the corporate veil" because Mr. Bane and Mr. Curr were hiding behind the corporation to commit a fraud.
• D) Mr. Ace can sell his shares to whomever he choses and the remaining shareholders must register the new owner.
• E) Mr. Ace could have avoided such a dilemma through provisions of a unanimous shareholders' agreement.

Assess the interaction between students and teachers and its impact on gender stratification.

Compare and contrast different sociological views on gender identity and performativity.

Explore the concepts of gender diversity and critique society's binary gender categorization.

Understand the concept of intergenerational mobility and how it differs from personal wealth accumulation.

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Definitions:

Stereotype Vulnerability

A condition in which an individual's performance or behavior is influenced by awareness that their group is associated with a negative stereotype.

Linguistic Fluency

The ability to speak or write a language smoothly, easily, and with agility, exhibiting proficient use of grammar, vocabulary, and syntax.

Reaction Range Model

A theory suggesting that genetics set a range for potential development, while the environment determines where within that range an individual falls.

Intellectually Enriched

Describes an environment or condition that stimulates cognitive growth and development through exposure to diverse and challenging materials and experiences.