Which of the Following May Be Used to Redress the Ultra

question 63

Multiple Choice

Which of the following may be used to redress the ultra vires acts committed by a corporation?

• A) Proceeding by shareholders for an injunction.
• B) Suit by the corporation or shareholders derivatively against present or former directors or officers for commission of the acts.
• C) A proceeding by the attorney general of the state of incorporation to enjoin it from the transaction of unauthorized business.
• D) All of these may be used.

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Definitions:

Apples And Bananas

A phrase indicating comparison or choice between two different items, often used to illustrate the concept of preference or trade-off in economics.

Utility Function

a mathematical representation in economics of a consumer's preference ranking over a set of goods or services.

Indifference Curve

A graphical representation showing combinations of goods or services among which a consumer is indifferent, signifying equal levels of utility.

Slope

The measure of the steepness or incline of a line, defined mathematically as the ratio of the vertical change to the horizontal change between two points on the line.