ABC Corporation suffered damages when a supplier failed to deliver as agreed.The president of ABC did not institute suit as Garrett,a major shareholder,believed was proper.Garrett complained to the board of directors,but they refused to do anything.Which of the following is an option to Garrett with regard to a lawsuit against the supplier?

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Quizplus · Accepted Answer

One of the shareholder's most important rights is the right to a derivative suit.If corporate directors fail to sue when the corporation has been harmed by an individual,another corporation,or a director,individual shareholders can file a shareholder's derivative suit on behalf of the corporation.

ABC Corporation Suffered Damages When a Supplier Failed to Deliver