Solved

Marcel Provost Is a Shareholder of Armstrong Realty Corp

Question 54

Multiple Choice

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:

verifed

Verified

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

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents