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David was the president of Music, Inc. He owned 53 percent of the common stock. David received a salary of $10,000 per year and bonuses

David was the president of Music, Inc. He owned 53 percent of the common stock. David received a salary of $10,000 per year and bonuses of $7,000 per year. The corporation had a net worth of $100,000 and sales of $245,000. The net profit of the company had been under $2,000 each year, and the dividends were either small or nonexistent. Minority shareholders brought suit to compel dissoulution of the corporation on the ground of waste, alleging that the waste occured in the payment of bonuses to David.

Should the company be disolved? Why or why not?

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