Claude Is a Shareholder in the Tel Ko Corporation

question 77

True/False

Claude is a shareholder in the Tel Ko Corporation.He learns of insider trading by one of the directors and wants to sue the corporation on behalf of the corporation and its shareholders.A shareholder cannot sue the corporation to enforce a right belonging to the corporation.

---

Definitions:

Southern Blacks

African Americans who reside in the Southern United States, a group that historically has faced significant racial segregation and inequality.

Urban Working Class

Refers to the group of people, especially in industrial or urban areas, who work in manual or low-wage jobs and often live in less affluent conditions.

Suburban Middle Class

A socioeconomic group characterized by moderate to above-average income families living in suburban areas outside of urban city centers.

Freedom Summer

A 1964 voter registration drive aimed at increasing the number of registered black voters in Mississippi, part of the larger civil rights movement.