What Is an Injunction

question 4

Multiple Choice

What is an injunction?

• A) The awarding of compensatory damages
• B) A court's order requiring a person to do something
• C) The cancelation of a contract regarding real estate
• D) A lawsuit for damages brought by the nonbreaching party

---

Definitions:

Corporation Act

Legislation governing the legal formation, operation, and regulation of companies.

Members' Voluntary Winding Up

A process in corporate law where the shareholders of a solvent company decide to put the company into liquidation and distribute its assets.

Declaration of Solvency

A statement made by the directors of a company declaring that they have assessed the company's financial situation and believe it can meet its financial obligations for the foreseeable future.

Statement of Affairs

A detailed financial report prepared typically in the process of liquidation, showing the assets and liabilities of a company at a specific date.