_________ of a Corporation May Occur When Management Is Deadlocked

question 8

Multiple Choice

_________ of a corporation may occur when management is deadlocked and the deadlock cannot be broken by the shareholders.

• A) Bankruptcy
• B) Consolidation
• C) Reinstatement
• D) Judicial dissolution

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Definitions:

Leniently

Showing tolerance or gentleness in judgment or punishment; inclined to be less strict.

Canadian Law

The legal framework that governs Canada, comprising the constitution, statutes, regulations, and common law derived from judicial decisions.

American Legal System

The legal framework in the United States, which includes a complex structure of federal and state laws, courts, and procedures that govern the legal processes.

Rule Of Law

The requirement that no person is above the law and state power should not be applied arbitrarily.