In Ironite Products V

question 285

Multiple Choice

In Ironite Products v. Samuels, where a major shareholder (Samuels) of Ironite sued, contending the bylaws had been violated, the appeals court held that:

• A) there was no fraud, the directors followed the rules, so he had no suit
• B) while there was no fraud, the directors did not follow the bylaws properly, so the changes made to the corporation would have to be reconsidered
• C) the bylaws had been violated, so Samuels was due full fair market value of his shares
• D) the directors violated their duty to the corporation so would be removed from control and Samuels would take control of the company
• E) none of the other choices

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Definitions:

Reservoir

In the context of microbiology and epidemiology, a reservoir refers to any person, animal, plant, soil, or other substance in which an infectious agent normally lives and multiplies.

Reservoir Host

An organism that harbors a pathogen for an extended period, without being affected by it, serving as a source of infection for other species.

Pathogen

A biological agent that causes disease or illness to its host.

Carrier

An individual or entity that transports goods or people; in genetics, it also refers to someone who has one copy of a recessive gene for a disease.