Fact Pattern 40-1A (Questions A18-A19 Apply)

question 1

Multiple Choice

Fact Pattern 40-1A (Questions A18-A19 apply)
Ruben is a shareholder of Speed Bikes Company (SBC) .When the direc?tors fail to undertake an action to redress a wrong suffered by SBC,Ruben files a suit on the firm's behalf.
-Refer to Fact Pattern 40-1A.Any damages recovered by Ruben's suit will normally go to

• A)Ruben.
• B)SBC.
• C)SBC's directors.
• D)the state in which SBC is incorporated.

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Definitions:

Functional

Designed to be practical and useful, rather than solely attractive, particularly in reference to objects or systems.

Usefulness

The degree to which a product, service, or information fulfills a need or purpose.

Fixed Asset

A fixed asset is a long-term tangible piece of property or equipment that a company owns and uses in its operations to generate income. Fixed assets are not expected to be converted into cash in the short term.

Physical

Pertaining to objects, materials, or substances that occupy space and have measurable properties, often contrasted with digital or virtual counterparts.