Author Question: The right of a shareholder to examine the books and records of the corporation is a valuable right. ... (Read 22 times)

viki · **on:** Jun 24, 2018

The right of a shareholder to examine the books and records of the corporation is a valuable right. However, it may be denied if the shareholder:
A) seeks information to determine the financial condition of the corporation.
B) desires to know the amount of executive salaries.
C) seeks information to embarrass or cause loss to the corporation.
D) desires the names and addresses of other shareholders.

Question 2

The law generally restricts the time within which an action can be brought by either party to a contract. This statement is:
A) false.
B) true, because of statutes of limitation.
C) true, because of the law of repudiation.
D) true, because of covenants not to sue.