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:

Simple Interest

Interest calculated only on the principal amount, or the initial amount of money borrowed or invested, not on the interest accumulated over time.

Basic Interest Rate

The fundamental rate charged on loans or earned on deposits, before any adjustments for additional factors or fees.

Discounted Value

The present value of a future amount of money or stream of cash flows after being discounted by a specific rate.

Present Value

The contemporary evaluation of a future financial sum or cash inflow patterns, using a defined rate of return.