Orin is a shareholder of Pinkwater Corporation.In some states,Orin might incur personal liability for unpaid Pinkwater debts if he
A) accepts a dividend knowing that it was paid from retained earn?ings.
B) buys stock for less than its fair-market value.
C) fails to fulfill his fiduciary duty to the majority shareholders.
D) sells his shares.
Correct Answer:
Verified
Q21: Ida,Jerzy,and Kit are the directors of Liberty
Q32: Fiona owns one share of stock in
Q34: Kelly transfers shares of stock that she
Q47: Coast-to-Coast Distribution, Inc., is a direct-mail distribution
Q58: Luke is a director of Motor Parts
Q61: Bea is a shareholder of Candy Confections
Q62: Cole is a shareholder of Donut Holes,Inc.Cole
Q67: Natalie is a shareholder of Off-Road Vehicle
Q69: Mitch is a director and officer of
Q77: Rusty and Sylvia are shareholders of Triad
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents