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With Regard to the Law of Corporations, Which of the Following

Question 57

Multiple Choice

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.

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