Multiple Choice
The court must refuse permission to continue a derivative action if
A) a person acting in accordance with s.172 would not seek to continue the claim
B) the act or omission in question has been authorised or ratified by the company
C) a or b
D) a and b
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Where the directors have wronged the company,
Q5: Where wrong doing directors (in a case
Q6: In cases of reflective loss, who is
Q7: Who can petition against unfair prejudice?<br>A) a
Q8: What is meant by unfair prejudice?<br>A) that
Q9: What is a derivative action?<br>A) where a
Q10: Who would be the appropriate party to
Q12: Where a shareholder has suffered loss due
Q13: Derivative actions cannot be brought against<br>A) directors<br>B)
Q14: What is meant by reflective loss?<br>A) that