The directors of Summit Ltd are fearful that Scrooge, who has been steadily acquiring shares in the company, is planning to wrest control from them. To maintain their control of the company, they issue extra shares to their cohort, Placido. On what basis can Scrooge challenge this action?

Select one:

a.That the company now has too much money.

b.That the directors have no power to issue more shares.

c.That Placido is not a fit person to be a member of Summit.

d.That the extra shares have been issued for an improper purpose.