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
Correct Answer:
Verified
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