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Question
Ray is a shareholder of Small Biz Company (SBC). When the directors fail to undertake an action to redress a wrong suffered by SBC, Ray files a suit on the firm's behalf.Ray's suit is a shareholder's
a. business-judgment rule suit.
b. derivative suit.
c. duty-of-care suit.
d. duty-of-loyalty suit.
Answer
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Related questions
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Vague generalities and obvious exaggerations constitute deceptive advertising.
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