Which of the Following Was the Result on Appeal in the Case

question 25

Multiple Choice

Which of the following was the result on appeal in the Case Opener,the case in which a majority shareholder voted to award a bonus to her son,the president of the company,over the objection of minority shareholders?

• A) That in awarding the bonus, the majority shareholder violated the duty of loyalty she owed to the company.
• B) That in awarding the bonus, the majority shareholder violated the duty of care she owed to the company.
• C) That in awarding the bonus, the majority shareholder violated the business judgment rule.
• D) That the majority shareholder was guilty of no violation in awarding the bonus.
• E) That the majority shareholder's vote to award the bonus would be upheld only if she submitted additional proof that the bonus was deserved.