Multiple Choice
In order to find an absence of a legal impediment to Marion proceeding to pursue a corporate opportunity declined by the corporation in which she holds a fiduciary position,which of the following would a court most likely require?
A) a resolution enacted by the corporation declining the corporate opportunity
B) a consenting resolution passed by the directors of the corporation
C) a consenting resolution passed by the shareholders of the corporation
D) a resolution enacted by the corporation's consenting shareholders and directors
Correct Answer:
Verified
Correct Answer:
Verified
Q10: In what way are a duty of
Q22: Which of the following is the most
Q24: The higher the position in an organization
Q27: Which of the following must be used
Q28: Which of the following would a law
Q29: What commercial inconvenience involving corporations was resolved
Q50: Which of the following would be outside
Q52: In BCE v.1976 Debenture Holders,(2008)SCC 69,the court
Q64: A corporation's preferred shares generally carry the
Q68: A corporate opportunity is a contract in