Vernon and David Are the Controlling Shareholders in E-Treme,Inc

question 1

Essay

Vernon and David are the controlling shareholders in E-treme,Inc.Discuss the obligations that Vernon and David owe to the minority shareholders.

Understand the legal requirements and implications of the Competition Act in Canada.

Analyze the enforcement mechanisms and powers of the Competition Tribunal under the Competition Act.

Understand the concepts of misleading advertising, restraint of trade, and restrictive trade practices as defined under the Competition Act.

Explain the exemptions and exceptions under the Competition Act.

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Definitions:

Potential Sale

A sales opportunity that has been identified but not yet realized or converted into an actual sale.

Hard Sell Techniques

Aggressive sales strategies that pressure the customer into making a purchase decision quickly.

Negative Information

Data or facts that reflect poorly on a subject, often highlighting flaws, errors, or undesirable traits.

Third Party

An entity that is involved in a transaction or situation but is not one of the principal parties.