Three Classmates Incorporated About a Week After Graduation

question 125

Multiple Choice

Three classmates incorporated about a week after graduation.The authorized capital was 500 000 common no-par-value shares.Each took one share; 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) pre-emptive right provision
• B) indoor-management rule
• C) derivative-action provision
• D) dissent procedure
• E) relief-from-oppression provision

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Definitions:

Table of Neoplasms

A categorization system used to classify tumors or neoplasms based on their site of origin, behavior, and other factors.

ICD-10

The World Health Organization's medical classification list, known as the 10th revision of the International Statistical Classification of Diseases and Related Health Problems.

Neoplasm

An abnormal growth of tissue, which can be benign or malignant, arising from the proliferation of cells.

Tabular List

A structured arrangement of data or information presented in rows and columns.