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Author Question: John and two friends incorporated a closely held corporation. Each bought an equal number of common ... (Read 78 times)

burchfield96

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on: Aug 7, 2021
John and two friends incorporated a closely held corporation. Each bought an equal number of common shares in the corporation. Each became a director, an officer, and an authorized agent of the corporation. Which of the following is true?
◦ If the affairs of the corporation are being conducted in a manner that is unfairly prejudicial to any one shareholder, that shareholder could seek relief from such oppression from the court.
◦ The corporation is more highly regulated and less free of government regulations and control than a broadly held corporation would be.
◦ As director, each owes a fiduciary duty to the creditors of the corporation.
◦ Since the corporation is a legal fiction, all of its activities must be carried out through principals.
◦ Each of them, as a director, owes a fiduciary duty to the others, as shareholders.
Legal Fundamentals for Canadian Business ¦ Yates ¦ 4th Edition
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Marked as best answer by burchfield96 on Aug 7, 2021

tkempin

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Reply #1 on: Aug 7, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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burchfield96

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Reply 2 on: Aug 7, 2021
Great answer, keep it coming :)

lcapri7

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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