Which of the following could lead to a derivative action under company law?

a. Directors pay themselves excessive salaries with the support of the majority shareholder, but against the wishes of the minority shareholder

b. Directors make a bad decision that could have been avoided by first reviewing the company's financial situation.

c. The majority of directors decide to set-up a company that will compete with the company in which they are directors.

d. All of the above

2 Which of the following could potentially be "oppressive" under the oppression remedy for shareholders?

a. A company pays dividends to the majority shareholder, but not minority shareholder

b. A company pays dividends to owners of preferred shares, but does not even consider issuing dividends to common shares

c. The directors of a company issues new shares to reduce the influence of an existing shareholder

d. All of the above

3 Which of the following is true about a derivative action?

a. It allows any shareholder to bring a claim against the directors of the company for breach of duty

b. It allows the company to sue any shareholder for breach of duty

c It allows any shareholder to sue the company for violating any of the shareholder's rights

d. It allows the company to sue any shareholder for breach of the company's articles

4The purpose of securities regulations is to:

a. Protect investors

b. Maintain confidence in the capital markets

c. Maximize investor profits

d. a) and b)

5 Ramon develops a new computer game for his employer, Software Ltd. Who owns the copyright to the game?

a. Whoever buys the game

b.Software Ltd.

c. Both Ramon and Software Ltd.

d. Ramon