The Shareholders of a Company Have the Power to Modify

question 64

Multiple Choice

The shareholders of a company have the power to modify or repeal the company constitution by:

• A)ordinary resolution.
• B)a resolution passed by at least 75% of the voting shareholders present at general meeting.
• C)a majority vote.
• D)an application to the board of directors.

---

Definitions:

Consequential Damages

refer to losses that result indirectly from a breach of contract, extending beyond the direct and immediate damage.

Statute Of Limitations

Refers to the maximum period one can wait before filing a lawsuit, varying by the type of legal claim.

Alteration Of Contract

The process of modifying the terms and conditions of a contract, which can be done by mutual agreement of the parties involved or under certain conditions specified by law.

Decree Of Bankruptcy

A formal declaration by a court that declares a person or organization as insolvent, unable to pay their debts.