Fact Pattern 40-3A

question 24

Multiple Choice

Fact Pattern 40-3A
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 40-3A. 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:

Psychological Maturity

The development of psychological characteristics and behaviors in adults that are considered socially appropriate and typically involve emotional stability, resilience, and self-sufficiency.

Treatment Approaches

Various methods and strategies used in healthcare to address and manage conditions, illnesses, or disorders.

Authentic Chameleon

The ability to adapt to different social situations while still maintaining one's core identity and values.

Humanistic Therapies

A category of psychotherapy that emphasizes personal growth and self-actualization, focusing on the individual's inherent potential.