If Drake,a Shareholder of Sweet Corp

question 26

Multiple Choice

If Drake,a shareholder of Sweet Corp. ,feels that he has been deprived of the right to purchase some of the corporation's newly issued stock,he:

• A)may bring a derivative suit against Sweet's corporate management.
• B)may bring a direct suit against Sweet's corporate management.
• C)may bring both a derivative suit and a direct suit against Sweet's corporate management.
• D)has no legal recourse against Sweet's corporate management.

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