abuse of control Flashcards

1
Q

a. Repurchase clause

A

abuse??

A. Did he bargain for it?

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2
Q

b. Hat test

A

A. Owners wear 3 hats

  1. Owner (shareholder , partner in partnership
  2. Director of business- can be director without being owner
    a. Can be owner without being director
  3. Employee-
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3
Q

a. We want to analyze if you have been harmed

A

i. And if you have, in which hat.

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4
Q

c. Difference between harmed

A

harmed and improperly harmed

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5
Q

d. For harm:

A

A. Look have you been harmed
1. Was it improper?
B. Look to repurchase agreement- could you not sign- change?
C. If director- could you have prevented?
D. Can (employee) protect themselves

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