In a Closely Held Corporation,which of the Following Lawsuits Is

question 61

Multiple Choice

In a closely held corporation,which of the following lawsuits is likely to be brought by a minority shareholder on behalf of a corporation if the majority is acting illegally or oppresses the rights of the minority shareholders?

• A) a derivative suit
• B) a preemption suit
• C) a petit suit
• D) a dissolution suit
• E) a termination suit

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Definitions:

Functional Groupings

the organization of objects, tasks, or responsibilities based on their purpose or similarity in function.

Staff Positions

Roles within an organization that support the line or primary activities, often involved in administrative, advisory, or strategic planning functions.

Authority

The power or right to give orders, make decisions, and enforce obedience within an organizational or societal structure.

Line Positions

Roles within an organization directly involved in the core business operations, responsible for achieving company objectives.