Ali and Tom Are Both Shareholders in ABC Electrical Ltd

question 26

Multiple Choice

Ali and Tom are both shareholders in ABC Electrical Ltd. Ali has 51% of the shares and Tom has 49%. Ali is offered $100,000 to sell his shares to DEF Electrical Ltd. Tom is not offered anything for his shares. Does Tom have any rights?

• A) Tom may have statutory rights under the derivative action.
• B) Tom may have contractual rights under a shareholders' agreement.
• C) Tom may have statutory rights under the oppression remedy.
• D) Tom may have contractual rights under a shareholders' agreement and statutory rights under the oppression remedy.
• E) Tom may have contractual rights under a shareholders' agreement and statutory rights under the derivative action.

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Definitions:

Tactical Plans

Short-term actions designed to achieve specific objectives, often as part of a larger strategic plan.

Strategic Plans

Long-term, comprehensive blueprints for how an organization will achieve its goals and meet the expectations of its stakeholders.

Work Methods

The strategies, techniques, or processes employed by individuals or groups to carry out their tasks, often optimized for efficiency, quality, or safety.

Production Plans

Detailed outlines that specify the activities, resources, timelines, and costs involved in producing a product or providing a service.