Fact Pattern 41-3A (Questions A19-A20 Apply)

question 17

Multiple Choice

Fact Pattern 41-3A (Questions A19-A20 apply)
Atlantic Corporation's articles of incorporation prohibit a sale of its assets with?out a vote of the board of directors.Atlantic's officers sell some assets to Pacific Company without notice to the board.The officers also fail to pay Atlantic's taxes on time,and some Atlantic funds are not accounted for.
-Refer to Fact Pattern 41-3A.The appropriate remedy is most likely

• A)a sale of the rest of Atlantic's assets to its directors and shareholders.
• B)Atlantic's consolidation or merger with Pacific.
• C)Atlantic's dissolution.
• D)payment of damages to Atlantic's officers.

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Definitions:

Reflexive Imitation

The spontaneous mimicking of gestures or facial expressions by infants, a behavior that is seen as a precursor to social development and learning.

Cognitive Abilities

Mental skills that involve the ability to learn, remember, solve problems, and process information.

Maternal Scaffolding

A process where a mother supports her child’s learning by adjusting the level of help given according to the child's current performance.

Child Alone Task

A scenario or task in developmental or psychological studies where a child is observed while being alone to understand independence, self-soothing techniques, and problem-solving abilities.