Asked by Trap muzik Blossom on Jul 11, 2024
Verified
In which of the following does a shareholder sue alleging that he or she has suffered damages caused by the corporation?
A) Subrogation
B) Shareholder's distributive suit
C) Shareholder's direct suit
D) Shareholder's derivative suit
E) Declaration against interest
Shareholder's Direct Suit
A legal action initiated by a shareholder on behalf of themselves against a corporation, typically for mismanagement or violation of rights.
Shareholder
An individual or entity that owns shares in a corporation, giving them ownership interests and possibly voting rights.
Damages
Financial compensation that a person or organization is ordered to pay to another as restitution for harm or injury suffered.
- Acquire knowledge on the concept of corporate ownership and the rights and duties associated with shareholders.
Verified Answer
Learning Objectives
- Acquire knowledge on the concept of corporate ownership and the rights and duties associated with shareholders.
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