Multiple Choice
Arthur is a shareholder of Rowson, Inc. 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) a direct suit.
B) a derivative suit.
C) a class action suit.
D) an unauthorized suit.
Correct Answer:
Verified
Correct Answer:
Verified
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