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    Exam 40: A: Corporate Directors,officers, Shareholders
  5. Question
    Guy Is Hot Java Company's Majority Shareholder
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Guy Is Hot Java Company's Majority Shareholder

Question 3

Question 3

Essay

Guy is Hot Java Company's majority shareholder.Guy decides to sell his Hot Java stock.The sale will be an effective transfer of the control of the company.Does Guy owe a duty to Hot Java or its minority shareholders in this situation?

Correct Answer:

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