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Answer: C
NEW QUESTION: 2
If there are five directors to be elected, and 500 shares are outstanding and voting for the election of directors, the minimum number of shares necessary to elect one director would be 84 shares. Proof: 84 shares time five directors to be elected equals 420 votes, all cast for one director. Assuming the rest of the stock (416 shares) votes en bloc as the majority, such total of 2,080
votes
distributed
among five directors would be 416 votes
each.
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A. 200, 400
B. 150, 300
C. 251, 500
D. 249, 500
Answer: C
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