Where wrong doing directors (in a case involving the sale of land) are also shareholders, which of the following are they not allowed to do?
A) pass an ordinary resolution approving a sale
B) ratify the breach
C) defeat a resolution to sue the directors
D) stop a legal action on the proper claimant principle
Correct Answer:
Verified
Q4: What is meant by reflective loss?
A) that
Q5: Where a shareholder has suffered loss due
Q6: Who bears the costs of a derivative
Q7: Which of the following is not a
Q8: The court must refuse permission to continue
Q9: Who would be the appropriate party to
Q10: Derivative actions cannot be brought against
A) directors
B)
Q12: Where the directors have wronged the company,
Q13: What is a derivative action?
A) where a
Q14: Who can petition against unfair prejudice?
A) a
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