When the Corporation Has the Right to Sue Its Directors,officers,or

question 36

Multiple Choice

When the corporation has the right to sue its directors,officers,or third persons for damages caused by them to the corporation or for breach of contract,one (1) or more shareholders may bring such action if the corporation refuses to do so.This is known as a __________ action.

• A) primary
• B) derivative
• C) deferential
• D) preemptive

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Definitions:

Heart Disease

A range of conditions that affect the heart, including coronary artery disease, arrhythmias, and heart failure.

Parkinson's Disease

A progressive neurological disorder marked by tremors, stiffness, slowed movement, and coordination difficulties.

Middle Adulthood

A phase of life typically ranging from about 40 to 65 years old, often characterized by personal and professional growth, stability, and facing aging.

Cancer

A broad group of diseases characterized by the uncontrolled growth and spread of abnormal cells.