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A purchased 2 Common shares of the corporation her brother created to operate his electronics store. B has 100 shares, and another shareholder C has
A purchased 2 Common shares of the corporation her brother created to operate his electronics store. B has 100 shares, and another shareholder C has 49 shares. When A's LED television breaks down, she goes to B's store and asks to take one from the store to use while hers is being repaired. When B refuses A reminds him that as a shareholder, she is an owner of the Corporation and is entitled to take the television in the Corporation's store. In this scenario: a. "A's," B's", and "C's" ownership interest as shareholders in the Corporation does not entitle any of them to take the Corporation's assets for personal use b. " A " is not entitled to take the television for personal use but B and the other shareholder can because they own more shares in the Corporation c. "A" is entitled to take the television for personal use because she is an owner of the Corporation d. A" owning shares in the Corporation does not make her an owner of the Corporation
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