Multiple Choice
Arthur is a shareholder of Sigma Corp.He has evidence to suggest that its president/CEO has allowed the corporation to engage in acts that are ultra vires.Based upon this evidence, Arthur contacts an attorney and sues the corporation on behalf of the corporation.The lawsuit Arthur has filed is known as a(n) :
A) direct suit.
B) derivative suit.
C) class action suit.
D) unauthorized suit.
Correct Answer:
Verified
Correct Answer:
Verified
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