Marcel Provost is a shareholder of Armstrong Realty Corp He is not engaged in the management of the company. The other shareholders are Baun and Brewer, and they run the business
Armstrong Realty purchases a piece of land from Baun and Brewer for $100,000. Provost learns that the land is worth only $50,000. Which of the following is true?
A) The corporation has acted in a way that unfairly disregarded Marcel's right as a shareholder.
B) The court could set aside the contract between Baun and Brewer and Armstrong Realty.
C) The court could order Armstrong to purchase Provost's shares
D) Both A and C
E) All of the above
E
You might also like to view...
A company has 6,000,000 shares outstanding, traded most recently at $20/share. It issues 400,000 new shares, and the price drops to $18.75/share. What is the result?
a) Its book value has increased b) Its book value has decreased c) Its market value has increased d) Its market value has decreased
A general sales tax is also referred to as an excise tax.
a. true b. false