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Monica and Michael own 70 percent of Beta Corporation. Tom owns 30 percent of Beta Corporation. Monica and Michael consistently vote and act in ways
Monica and Michael own 70 percent of Beta Corporation. Tom owns 30 percent of Beta Corporation. Monica and Michael consistently vote and act in ways that only benefit them and harm Tom. Which of the following is accurate?
Group of answer choices
a. Monica & Michael has conflict of interest.
b. Tom may claim oppression as a minority shareholder.
c. Tom may bring a derivative lawsuit based on insider trading.
d. Monica & Michael can decide any matter with no consequence so long as they own more than 50% of the company.
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