With regard to the law of corporations, which of the following is true?
A) In many jurisdictions, pre-emptive rights entitle a shareholder to pass on their right to vote to someone else.
B) If a minority shareholder is treated unfairly, the appropriate relief to request is that the court lift the corporate veil.
C) Relief from oppression provisions allow a party who has contracted with the corporation to force the corporation to honour a contract it has signed in an irregular manner.
D) A director of a corporation could not be personally liable on a promissory note even if he just signed his own name as long as at the time he intended to sign on behalf of the corporation.
E) A creditor of a corporation could sue for some remedy if the directors of the corporation voted for a resolution to pay a dividend when the corporation was insolvent.
Correct Answer:
Verified
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