Susan,Alice and Wanda Are Shareholders in Flip Flop and Fly,a

question 39

Multiple Choice

Susan,Alice and Wanda are shareholders in Flip Flop and Fly,a children's yoga store.Each own 33% of the shares.Susan and Alice have decided they no longer want to work with Wanda.They sell all of the corporate assets to Bendy Girl Ltd.Does Wanda have any rights?

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

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Definitions:

Real Income

The income of an individual or group after taking into consideration the effects of inflation on purchasing power.

Monetary Neutrality

The concept that changes in the money supply only affect nominal variables in the economy (such as prices, wages, and exchange rates) in the long term, without affecting real variables (like employment and real GDP).

Long Run

A period in which all factors of production and costs are variable, allowing firms to adjust to new conditions or markets.

Quantity Theory

An economic theory that suggests the general price level of goods and services is directly proportional to the amount of money in circulation.