With Regard to the Law of Corporations, Which of the Following

question 106

Multiple Choice

With regard to the law of corporations, which of the following is true?

• A) In many jurisdictions, pre-emptive rights entitle a shareholder to pass on their right to vote to someone else.
• B) If a minority shareholder is treated unfairly, the appropriate relief to request is that the court lift the corporate veil.
• C) Relief from oppression provisions allow a party who has contracted with the corporation to force the corporation to honour a contract it has signed in an irregular manner.
• D) A director of a corporation could not be personally liable on a promissory note even if he just signed his own name as long as at the time he intended to sign on behalf of the corporation.
• E) A creditor of a corporation could sue for some remedy if the directors of the corporation voted for a resolution to pay a dividend when the corporation was insolvent.

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Definitions:

Skinner Response

A concept associated with B.F. Skinner, focusing on operant conditioning, where behavior is shaped by rewards or punishments.

Blocking

A phenomenon in conditioning where a previously learned association prevents the learning of a new association.

Learned Helplessness

A condition in which an individual learns to feel powerless and stops trying to change their situation due to repeated failures.

Learning Set

The ability to become more efficient in solving problems over time by applying strategies and experiences from previous problem-solving activities.