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

Apply critical thinking and reflective practices in problem-solving and decision-making.

Acknowledge the diversity among college students and reject stereotypes.

Identify strategies for effective exam preparation.

Understand the importance of the vocational domain in college students’ lives.