Byron was the director and president of a construction company.At an annual meeting,the construction company's biggest shareholder,Sask-Wheat,voted to elect some new directors because they were unsatisfied with the construction company revenue.Knowing the election would almost inevitably result in favor of Sask-Wheat,the construction company's lawyers advised Byron to rule their votes invalid,which he did.However,in subsequent court hearings,the votes were ruled to be valid.Byron claimed indemnification from the construction company for his legal costs.Which of the following is most likely false?

Question

Quizplus · Accepted Answer

Byron acted illegally by invalidating valid shareholder votes, therefore he should not be entitled to indemnity. Choices A and B are not necessarily false, but they do not outweigh the fact that Byron's actions were illegal. Choice C is not applicable to the question and choice E is true, but not relevant to the question of whether or not Byron is entitled to indemnification.

Byron Was the Director and President of a Construction Company