Multiple Choice
Fact Pattern 39-1A
Ray is a shareholder of Small Biz Company . When the direc?tors fail to undertake an action to redress a wrong suffered by SBC, Ray files a suit on the firm's behalf.
-Refer to Fact Pattern 39-1A. 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.
Correct Answer:

Verified
Correct Answer:
Verified
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