Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of

Question:

Indicate which activities of Stockton Corporation violated the rights of a stockholder who owned one share of common stock.

1. Did not allow the stockholder to sell the stock to her brother.

2. Rejected the stockholder’s request to be put in charge of its retail store.

3. Paid the stockholder a smaller dividend per share than another common stockholder.

4. Rejected the stockholder’s request to vote via proxy because she was home sick.5. In liquidation, paid the common shareholder after all creditors were already paid.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...

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