Tank Is a Director and the Majority Shareholder of Unique

question 25

Essay

Tank is a director and the majority shareholder of Unique New Investment Corporation (UNIC).Tank buys,for $1,500,an option to pur?chase a tract of real estate for $50,000.Tank forms Vista Property,Inc.,to hold the option.As the majority shareholder,and thus controlling di?rector,of UNIC,Tank orders the firm to authorize the pur?chase of the land from Vista Property for $500,000.Tank then has Vista Property buy the land,sell it to UNIC,and loan the money to UNIC for the purchase at a 10 percent interest rate.Wim,a minority shareholder in UNIC,com?plains to UNIC's board,which takes no action.Wim files a suit against Tank on UNIC's behalf.Will Wim prevail? Explain.

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Definitions:

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to individuals of the same sex.

Congenital Condition

A health issue or defect present from birth, which can be inherited or caused by environmental factors.

National College Health

A focus on the medical and mental health status, concerns, and trends among college and university students.

Emergency Contraception

Postcoital contraception methods used to prevent pregnancy after unprotected sexual intercourse or contraceptive failure.