Neil, a majority shareholder of Oil Changes Inc., effectively excludes Polly, a minority shareholder, from the benefits of stock ownership in the firm. Polly can Select one:

a. bring a suit for damages.

b. force a cumulative vote.

c. exercise de facto control.

d. assert the business judgment rule.

Question

Social Studies

Precious Adkins

8 July, 02:53

Neil, a majority shareholder of Oil Changes Inc., effectively excludes Polly, a minority shareholder, from the benefits of stock ownership in the firm. Polly can Select one:

a. bring a suit for damages.

b. force a cumulative vote.

c. exercise de facto control.

d. assert the business judgment rule.

+3

Answers (1)

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London Prince · Answer 1

A

Explanation:

Neil excludes Polly from the benefits of stock ownership.

Polly may feel unfairly excluded from the benefits and could take up legal action against Neil for the issue. Given the inconveniences and unjust treatment suffered by Polly, they can file a lawsuit against Neil for damages.

Neil, a majority shareholder of Oil Changes Inc., effectively excludes Polly, a minority shareholder, from the benefits of stock ownership in the firm. Polly can Select one:a. bring a suit for damages.b. force a cumulative vote.c. exercise de facto control.d. assert the business judgment rule.