Use This Fact Situation to Answer the Related Questions That

Question 13
Multiple Choice

Use this fact situation to answer the related questions that follow. A and B are the shareholders of a private Ontario company and each holds 50 percent of the issued common shares.There is no shareholder agreement.At a general meeting,A and B,who have had a falling out,cannot agree on anything,from the business of the company in the next year to the election of the directors and appointment of the officers. In this situation, A)B must sell his shares to A. B)A must sell his shares to B. C)the company is effectively locked or deadlocked as to its operation. D)the company will simply continue as it had before the meeting. E)they will go to court and have the court decide the matter.