A Shareholder Derivative Suit Is Brought by a Minority Shareholder,but

question 42

True/False

A shareholder derivative suit is brought by a minority shareholder,but any recovery inures to the corporation.

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Definitions:

Effects

The consequences or outcomes that result from some prior action or condition.

Dualistic

Relating to the concept or belief that reality consists of two fundamental components, often seen as the physical and the spiritual or the mind and the body.

Materialistic

Describes a value system that is preoccupied with possessions and the social status they convey, rather than intangible qualities or values.

Consciousness

The state of being aware of and able to think about oneself, one's surroundings, and one's thoughts and feelings.