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

question 11

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.With respect to Atlantic's share?holders,this conduct is most likely

• A)not oppressive because it is undertaken by Atlantic's officers.
• B)oppressive because Atlantic's directors may be personally liable.
• C)oppressive because Atlantic's shareholders may be personally liable.
• D)oppressive because it departs from the standards of fair dealing.

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Definitions:

Humans and Apes

A reference to the biological and evolutionary relationship between humans and their closest living relatives, the apes, especially focusing on common ancestors and variations.

Tool Use

The act of using an object or implement to perform a specific task or function, often indicative of problem-solving abilities in animals and humans.

Gorillas

Large, predominantly herbivorous apes native to the forests of central Sub-Saharan Africa, known for their social structure and intelligence.

Chimpanzee Hunts

The activity where chimpanzees organize and execute hunts to catch prey, primarily observed in their natural habitats.