Three Classmates Incorporated About a Week After Graduation

question 118

Multiple Choice

Three classmates incorporated about a week after graduation.The authorized capital was 500 000 common no-par-value shares.Each classmate took one share, and each was a director.If the directors decide to issue more shares from the treasury to raise more capital, which of the following provisions ensures that they keep their proportionate holdings?

• A)Relief-from-oppression provision
• B)Dissent procedure
• C)Pre-emptive right provision
• D)Indoor-management rule
• E)Derivative-action provision

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Definitions:

Activation-Synthesis Theory

A theory about dreaming proposing that dreams result from the brain's attempt to make sense of neural activity that occurs during sleep.

Information-Processing Perspective

A psychological approach that likens the human mind to a computer, emphasizing how information is processed, stored, and retrieved.

Cognitive Development Perspective

A psychological viewpoint that focuses on how people grow and change in terms of their thinking and reasoning capabilities throughout the life span.

Latent Content

Latent Content refers to the hidden psychological meaning of events, particularly in dreams, as opposed to the manifest content which is the literal storyline.