In Donahue V

Multiple Choice

In Donahue v.Rodd Electrotype Co., Inc., the court's opinion stated:

A) minority shareholders have no right to rely on the loyalty and abilities of the majority.
B) by definition, a close corporation strongly resembles a partnership.
C) minority shareholders in a close corporation can cause dissolution of the corporation.
D) when a close corporation purchases the shares of a controlling stockholder, there is necessarily a preferential distribution of the corporation's assets.