Which of the Following Attracts the Dissent Procedure, Which Can

question 1

Multiple Choice

Which of the following attracts the dissent procedure, which can result in the corporation being forced to buy the shares of a shareholder at market value?

• A) When the directors of the corporation fail to enforce a right, duty, or obligation owed to the corporation that could be enforced by the corporation.
• B) When major changes are made, in the best interests of the corporation, that will adversely affect one group of shareholders.
• C) If the directors of a non-reporting corporation fail to allot new shares proportionately to the members.
• D) When the directors have hidden behind the corporate structure to do a wrong sufficiently serious that the courts would have "lifted the corporate veil."
• E) When the directors conduct the affairs of the corporation in a manner oppressive to one or more of the members.

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Definitions:

Memory Cards

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Close-Substitute Product

A product or service that can easily replace another in satisfying consumer needs.

Demand Curve

A visual chart that illustrates the connection between a product or service's price and the amount consumers want to buy over a specific time frame.

Price

Price is the amount of money expected, required, or given in payment for something.