Solved

Ajax CoHas Six Directors

Question 36

Multiple Choice

Ajax Co.has six directors.Three of the directors favor corporate expansion and three directors want to keep Ajax at its current size and distribute the surplus profit.How will a court likely resolve this deadlock?


A) Appoint a seventh director to break the tie.
B) Appoint an arbitrator.
C) Order an involuntary dissolution of Ajax.
D) Order the directors to make an agreement or be in contempt of court.

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