Use this fact situation to answer the related questions that follow. George,John,Edward,and Mary each own 25 percent of the common shares of a private company that they incorporated five years ago.At that time,they decided that they did not need a shareholders' agreement.Now there has been a falling out between them and the three men have used their majority vote to take away Mary's salary,terminate her employment with the company,and remove her as a director and officer of the company.
In this case,Mary has recourse to
A) a derivative action.
B) an oppression remedy.
C) the appraisal remedy.
D) winding up the company.
E) all of the above
Correct Answer:
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