Fact Pattern 36-4

question 20

Multiple Choice

Fact Pattern 36-4
Diversified Corporation's articles of incorporation prohibit a sale of its assets with?out a vote of the board of directors. Diversified's officers sell some assets to Enterprise Company without notice to the board. The officers also fail to pay Diversified's taxes on time, and some Diversified funds are not accounted for.
-Refer to Fact Pattern 36-4. The appropriate remedy is most likely

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

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Definitions:

Neurotransmission

The process by which signaling molecules called neurotransmitters are released by a neuron and cross the synaptic gap to reach receptor sites on another neuron, facilitating neuronal communication.

Neurotransmitters

Chemical messengers that transmit signals across a chemical synapse from one neuron to another 'target' neuron, muscle cell, or gland cell.

Gambling

The act of wagering money or something of value on an event with an uncertain outcome, often with the intent of winning additional resources.

Addiction

A chronic disorder characterized by compulsive engagement in rewarding stimuli, despite adverse consequences.