Need Help with Quiz 5

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Belinda Reyes

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Aug 13, 2012, 8:42:42 AM8/13/12
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Hello,  Would appreciate if someone can confirm the answer for this quiz question.  I think it is #2, but I am kind of having doubts about it.
Thanks to anyone who can help :))
 
Belinda


Which one of the following situations would allow a shareholder to sue on behalf of the company?

Maryam Jan Mohammadi

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Aug 13, 2012, 8:44:34 AM8/13/12
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#2

 

Maryam J.Mohammadi

Accounting & Leasing Coordinator

Del Management Solutions Inc.

2197 Riverside Drive,Suite 300

Ottawa ON

K1H 7X3

T:(613)260-3416 Ext: 502

F:(613)260-3566

Email:mar...@dmsproperty.com

 

From: lw1-s...@googlegroups.com [mailto:lw1-s...@googlegroups.com] On Behalf Of Belinda Reyes
Sent: Monday, August 13, 2012 8:43 AM
To: lw1-s...@googlegroups.com
Subject: {LW1 Summer} Need Help with Quiz 5

 

Hello,  Would appreciate if someone can confirm the answer for this quiz question.  I think it is #2, but I am kind of having doubts about it.

Thanks to anyone who can help :))

 

Belinda



Which one of the following situations would allow a shareholder to sue on behalf of the company?Answer

( )

Four of the five directors, in the best interests of the company, voted against the fifth as director, voted to end the employment contract of the fifth, and voted not to buy that person’s shares.

(X)

The company had been wronged (lost $30,000) by the negligent and fraudulent acts of one of its directors but the company refused to take any action against the wrongdoer.

( )

The shareholders refused to enter into a shareholder’s agreement.

( )

The directors took an action that unfairly prejudiced a shareholder.

 

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belr...@gmail.com

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Aug 13, 2012, 8:55:57 AM8/13/12
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Thanks Maryam!!!
Sent wirelessly from my BlackBerry device on the Bell network.
Envoyé sans fil par mon terminal mobile BlackBerry sur le réseau de Bell.

From: "Maryam Jan Mohammadi" <mar...@dmsproperty.com>
Date: Mon, 13 Aug 2012 08:44:34 -0400
Subject: RE: {LW1 Summer} Need Help with Quiz 5

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