Acme Inc recently came into existence.Owen is the only officer,Dieter is a director,and Seppo is a shareholder.Which of the following statements is most likely TRUE?

Question

Quizplus · Accepted Answer

Since Dieter is a director, it is reasonable to assume that he was elected by the shareholders, including Seppo. Therefore, Seppo is either the only shareholder and elected Dieter or is part of a group of shareholders that elected him. Option A is incorrect because Owen cannot unilaterally remove a shareholder, and Seppo is a shareholder in this case. Option B is incorrect because Dieter cannot be appointed by Owen alone as he is a director. Option C is incorrect because the decision for dividend issuance is typically made by the board of directors, not just the officer. Option E is irrelevant to the scenario provided.

Acme Inc Recently Came into Existence