Multiple Choice
ABC Corporation suffered damages when a supplier failed to deliver as agreed.The president of ABC did not institute suit as Garrett,a major shareholder,believed was proper.Garrett complained to the board of directors,but they refused to do anything.Which of the following is an option to Garrett with regard to a lawsuit against the supplier?
A) A shareholder's derivative suit.
B) A shareholder's direct suit.
C) A consolidation suit.
D) A shareholder's distributive suit.
E) None of these because as a shareholder,Garrett has no right to pursue litigation.
Correct Answer:
Verified
Correct Answer:
Verified
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