Of the 1000 issued and outstanding common voting shares of Trunda Adventures Corp.,Isaac holds 501,Marielle holds 250,and Lorenzo holds the remaining 249.Based on this arrangement,which of the following rests with Isaac?

Question

Quizplus · Accepted Answer

The right to control the company rests with the person or group of people who hold the majority of voting shares. In this case, Isaac holds 501 out of 1000 shares, which means he has the majority and therefore has the right to control the company. The other rights listed (asking questions, attending meetings, introducing motions) are generally available to all shareholders, regardless of how many shares they hold.

Of the 1000 Issued and Outstanding Common Voting Shares of Trunda