Ontario Barrister and Solicitor Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

Master the Ontario Barrister and Solicitor Exam with our comprehensive practice quiz. Tailored to the latest syllabus, it's the perfect tool to assess your readiness and ensure success.

Start Multiple Choice Practice Test
Start Flash Cards

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

Practice this question and more.

In a company where there are two shareholders each with 50% of the shares, what is the minimum number of directors required?

  1. 1

  2. 2

  3. 3

  4. 4

The correct answer is: 1

With two shareholders each holding 50% of the shares, both shareholders have equal control and authority in the company. Assigning 1 director ensures that each shareholder has an equal voice in decision making processes. Having 2 or more directors would give one shareholder or a group of shareholders a majority of votes, potentially causing conflicts of interest and unequal distribution of power. Having 3 or 4 directors would also not be necessary as the decisions can still be made equally and effectively with only 1 director. Therefore, A is the most suitable answer.

More Questions Like This