Fact Pattern 29-1 Don Is a Shareholder of Energy Renew

question 67

Multiple Choice

Fact Pattern 29-1 Don is a shareholder of Energy Renew Inc. When the directors fail to undertake an action to redress a wrong suffered by the firm, Don files a suit on its behalf.
Refer to Fact Pattern 29-1. Don's suit is

• A) a preemptive right.
• B) a shareholder's derivative suit.
• C) the duty of a majority shareholder.
• D) unethical and illegal.

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