Mary,Martha,Marge,and Alice incorporate a private corporation for the purpose of wholesaling sports equipment.Each owns an equal number of shares.Their incorporating documents neither specify what business the corporation is in nor restrict the type of business the corporation can operate.Martha,Mary,and Marge are the three directors and officers of the corporation,while Alice is being frozen out of the company's decision making.She has never been elected as a director,has never had a position in the management,and has not had any of her resolutions passed at the annual shareholder's meeting.Also,the corporation seemed to have abandoned its original purpose and gone into a different business-one that doesn't interest Alice.Explain to Alice the "oppression remedy" and its advantages over two other kinds of remedy.

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The Answer of Mary,Martha,Marge,and Alice incorporate a private corporation for the purpose of wholesaling sports equipment.Each owns an equal number of shares.Their incorporating documents neither specify what business the corporation is in nor restrict the type of business the corporation can operate.Martha,Mary,and Marge are the three directors and officers of the corporation,while Alice is being frozen out of the company's decision making.She has never been elected as a director,has never had a position in the management,and has not had any of her resolutions passed at the annual shareholder's meeting.Also,the corporation seemed to have abandoned its original purpose and gone into a different business-one that doesn't interest Alice.Explain to Alice the "oppression remedy" and its advantages over two other kinds of remedy.

Mary,Martha,Marge,and Alice Incorporate a Private Corporation for the Purpose of Wholesaling