A Court May Dissolve a Corporation in a Proceeding Brought

question 9

Multiple Choice

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

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

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Definitions:

Fundamental Rights

Basic human rights that are recognized and protected by the constitution or legal system of a country, such as freedom of speech and religion.

Suspect Class

Categories of people who are treated differently due to characteristics often subjected to discrimination, scrutinized under strict scrutiny by courts.

Sexual Orientation

A person's sexual identity in relation to the gender to which they are attracted; it is the direction of their emotional and sexual attraction.

National Origin

Refers to the country where a person was born or the country from which their ancestors came.