In the Case in the Text,Coggins V

question 32

Multiple Choice

In the case in the text,Coggins v.New England Patriots Football Club,Inc. ,the court held that:

• A)Freezing out the minority shareholders was necessary to further the corporation's purpose.
• B)The freeze-out of majority shareholders failed to meet the business purpose test.
• C)The freeze-out of majority shareholders failed to meet the intrinsic fairness test.
• D)Freezing out minority shareholders merely to allow the corporation to repay the majority shareholder's personal debts was not a proper business purpose.