Because a Director of a Closely Held Corporation Breached His

question 91

Multiple Choice

Because a director of a closely held corporation breached his duties to the corporation, the corporation lost $15,000. Despite the urging of the shareholders, the board of directors refused to begin an action on behalf of the corporation. Which one of the following provisions would aid the shareholders?

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

---

Definitions:

Problem Solvers

Individuals or entities skilled at identifying, analyzing, and finding solutions to complex or straightforward issues.

Expert Systems

Allow computers to mimic the thinking of human experts for applied problem‐solving.

Artificial Intelligence

The simulation of human intelligence processes by machines, especially computer systems, including learning, reasoning, and self-correction.

Highly Skilled

Highly skilled describes individuals who possess a high level of expertise, competencies, and experience in a particular field or profession.