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Home Q & A Board Humanities Legal Studies
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123isme 123isme
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2 years ago
With regard to the law of corporations, which of the following is true?

▸ If a minority shareholder is treated unfairly, the appropriate relief to request is that the court "lift the corporate veil."

▸ "Relief-from-oppression" provisions allow a party who has contracted with the corporation to force the corporation to honour a contract it has signed in an irregular manner.

▸ In many jurisdictions, pre-emptive rights entitle a shareholder to pass on her right to vote to someone else.

▸ A director of a corporation could not be personally liable on a promissory note even if he just signed his own name, as long as at the time he had intended to sign on behalf of the corporation.

▸ A creditor of a corporation could sue for some remedy if the directors of the corporation voted for a resolution to pay a dividend when the corporation was insolvent.
Textbook 
Legal Fundamentals for Canadian Business

Legal Fundamentals for Canadian Business


Edition: 4th
Author:
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2 years ago
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123isme Author
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2 years ago
Helped a lot
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Thanks
shelbycox
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This site is awesome
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