Smith,Jones,and Brown Incorporated XYZ Ltd

question 153

Multiple Choice

Smith,Jones,and Brown incorporated XYZ Ltd.The three were sole shareholders,directors,officers,and employees.Jones and Brown disliked working with Smith.They knew he was good for the business,but they disliked his personality and politics.After a year,Jones and Brown,as directors,removed Smith as an officer and employee and raised their own salaries as employees.They then voted Smith out as a director at the next shareholders' meeting.Which one of the following provisions would aid Smith?

• A) relief-from-oppression provisions
• B) pre-emptive right provisions
• C) indoor-management rule
• D) derivative-action provisions
• E) dissent procedures

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Definitions:

Distributed

In logic, referring to a term in a categorical proposition that applies to all members of the denoted class.

Distributed

Refers to a system or process that is spread out across multiple locations or among various entities.

Existential Import

The concept that a statement implies the existence of the subject it mentions.

Invalid Syllogism

An invalid syllogism is a form of deductive reasoning where the conclusion does not logically follow from its premises, thus making the argument logically incorrect.