Fictional Factual Framework - Application of Law to Facts

Assignment Help Business Law and Ethics

Reference no: EM133310401

Question: ontario law

Fictional Factual Framework - Application of the Law to the Facts
Benoit is a shareholder in the company BleuCiel Inc. He learns from a reliable source that Monash, the president and CEO of the company, pays a fictitious employee a salary of $150,000 per year. Benoit believes that Monash is abusing his position as CEO and is jeopardizing BleuCiel Inc.
However, according to Benoit, since BlueSky Inc. is a legal entity, there is no effective legal recourse to preserve the general interest of the company.

Answer the two questions below:
Question 1. Is Benoît right? Why? (Instructions: 5 lines maximum.)

Question 2. Is there a legal recourse that could be exercised by Benoît in the name and on behalf of BleuCiel Inc ? If so, what is this remedy called ? Why would this be the appropriate recourse in this situation?

Reference no: EM133310401

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