If a Shareholder Believes That He or She Suffered Loss

question 19

Multiple Choice

If a shareholder believes that he or she suffered loss as a result of a failure of the directors to do their duty,

• A) the corporation must sue the directors.
• B) the shareholder must sue the directors.
• C) the remedy will be found in the Canada Business Corporations Act.
• D) the shareholder must bring a derivative action.
• E) the shareholder can only resort to internal dispute settlement procedures.

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Definitions:

Acid

A substance that donates hydrogen ions or protons and accepts electrons, often associated with a sour taste and capable of turning blue litmus paper red.

Prions

Infectious agents composed of protein in a misfolded form, which can cause neurodegenerative diseases.

Neurodegenerative Diseases

Disorders characterized by the progressive loss of structure or function of neurons, including diseases like Alzheimer's, Parkinson's, and ALS.

Amino Acid Sequence

The order in which amino acids are linked together to form a protein, determining the protein's structure and function.