Fact Pattern 31-1Ray is a shareholder of Small Biz Company (SBC) . When the directors fail to undertake an action to redress a wrong suffered by SBC, Ray files a suit on the firm's behalf.
-Refer to Fact Pattern 31-1.Ray's suit is a shareholder's
A) duty-of-care suit.
B) business-judgment rule suit.
C) duty-of-loyalty suit.
D) derivative suit.
Correct Answer:
Verified
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