Ali and Tom Are Both Shareholders in ABC Electrical Ltd

question 26

Multiple Choice

Ali and Tom are both shareholders in ABC Electrical Ltd. Ali has 51% of the shares and Tom has 49%. Ali is offered $100,000 to sell his shares to DEF Electrical Ltd. Tom is not offered anything for his shares. Does Tom have any rights?

• A) Tom may have statutory rights under the derivative action.
• B) Tom may have contractual rights under a shareholders' agreement.
• C) Tom may have statutory rights under the oppression remedy.
• D) Tom may have contractual rights under a shareholders' agreement and statutory rights under the oppression remedy.
• E) Tom may have contractual rights under a shareholders' agreement and statutory rights under the derivative action.

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Definitions:

Latino And American Indian Youth

Refers to the demographic groups of individuals in the United States who identify as Latino or Hispanic and Native American or American Indian, focusing on the younger population.

Ethnicity

A category of people who identify with each other based on common ancestral, social, cultural, or national experiences.

Cultural Feature

Characteristics that define a group's shared behaviors, beliefs, practices, and artifacts.

Particular Group

A specific set of individuals identified by certain common characteristics or interests.