Solved

With Regard to the Law of Corporations,which of the Following

Question 138

Multiple Choice

With regard to the law of corporations,which of the following is true?


A) A director of a corporation could not be personally liable on a promissory note even if he just signed his own name,as long as at the time he had intended to sign on behalf of the corporation.
B) If a minority shareholder is treated unfairly,the appropriate relief to request is that the court "lift the corporate veil."
C) In many jurisdictions,pre-emptive rights entitle a shareholder to pass on her right to vote to someone else.
D) "Relief-from-oppression" provisions allow a party who has contracted with the corporation to force the corporation to honour a contract it has signed in an irregular manner.
E) A creditor of a corporation could sue for some remedy if the directors of the corporation voted for a resolution to pay a dividend when the corporation was insolvent.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions