A(n) _________ may be brought by one or more shareholders to enforce a corporate right, or to remedy a wrong to the corporation when the directors of the corporation fail or refuse to take appropriate action.
A) derivative action
B) class action
C) representative action
D) individual shareholder action
Correct Answer:
Verified
Q1: Directors are granted the statutory right to
Q2: A director may be personally liable for
Q4: The statutory authority granted to the board
Q5: The board of directors may not appoint
Q6: A(n)_ is an action brought by a
Q7: The agenda for a meeting of the
Q8: The issuance of stock of a corporation
Q9: A _is the authority given by a
Q10: Under the statutes of most states, annual
Q11: The method of voting that gives minority
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