Question
Boboy, Jim and Danny executed a joint venture agreement to form a close corpora on under the Corpora on Code, the outstanding capital stock of
Boboy, Jim and Danny executed a joint venture agreement to form a close corpora on under the Corpora on Code, the outstanding capital stock of which three of them would equally own. They also provided therein that any corporate act would need the vote of seventy percent (70%) of the outstanding capital stock. The terms of the agreement were accordingly implemented and corresponding close corpora on was incorporated. A er three (3) years, Boboy, Jim and Danny could not agree on the business in which to invest the funds of the corpora on. Boboy wants the deadlock broken. What will he do to break the deadlock?
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