Multiple Choice
Alice is the sole shareholder of AliCo Inc, a corporation incorporated under the Canada Business Corporations Act. She has elected Samra as the director and Samra has appointed Ezra to be the President of the corporation responsible for its day- to- day business. Which of the following actions by Alice would be inconsistent with the separate legal existence of the corporation?
A) Alice lending money to the corporation
B) Alice selling her shares in the corporation to Samra
C) Alice selling some real estate belonging to the corporation and keeping the money
D) Alice providing consulting services to the corporation and keeping the profits
E) Alice selling some real estate to the corporation and keeping the profits
Correct Answer:
Verified
Correct Answer:
Verified
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