Prior to Bringing a Derivate Action,a Shareholder Must First Demand

question 76

True/False

Prior to bringing a derivate action,a shareholder must first demand that the board of directors bring the suit and they must decline.

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Definitions:

Liberal Credit Terms

Credit conditions that are lenient, offering borrowers lower interest rates or extended repayment terms.

Restrictive Policy

A policy intended to limit or regulate certain activities, often used in the context of fiscal or monetary policy to control economic variables.

Wages

Payments made by employers to employees, usually at hourly, daily, or piecework rates, for the labor or services provided.

Source Of Cash

Activities or transactions that increase the available cash in an organization, such as sales, issuing bonds, or taking out loans.