A Court May Dissolve a Corporation in a Proceeding Brought

question 8

Multiple Choice

A court may dissolve a corporation in a proceeding brought by a shareholder when:

• A) the directors are deadlocked and the shareholders are unable to break the deadlock.
• B) the shareholders are deadlocked and have failed to elect directors for at least two consecutive annual meetings.
• C) the corporate assets are being misapplied.
• D) All of these .

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Definitions:

Group Cohesion

The strength and solidarity of the bonds among group members, contributing to the group's unity, commitment, and capacity to act as a single entity.

Task Cohesion

The degree to which group members work together towards a common goal and the level of commitment to achieving that goal.

Entitativity

The degree to which a group is perceived as being a coherent, unified entity.

Collective Efficacy

The shared belief in a group's capability to organize and execute the courses of action required to produce given levels of achievements.