Author Question: Ryan is a shareholder of Sigma Corp He has evidence to suggest that its president/CEO has allowed ... (Read 24 times)

robinn137

  • Hero Member
  • *****
  • Posts: 544
Ryan is a shareholder of Sigma Corp He has evidence to suggest that its president/CEO has allowed the corporation to engage in acts that are ultra vires. Based upon this evidence, Ryan contacts an attorney and sues the corporation on behalf of the corporation. The lawsuit Ryan has filed is known as a(n):
 A) direct suit.
  B) derivative suit.
  C) class action suit.
  D) unauthorized suit.

Question 2

Bill recently borrowed 50 from Ricardo for a couple of weeks. Bill, still short of cash, tells Ricardo, I will wash and wax your car in exchange for the 50 I owe you. Ricardo tells Bill, OK, that's great Ricardo's performance of his new duty will be a(n):
 A) accord.
  B) novation.
  C) rescission.
  D) satisfaction.



CharlieArnold

  • Sr. Member
  • ****
  • Posts: 319
Answer to Question 1

B

Answer to Question 2

D



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Cutaneous mucormycosis is a rare fungal infection that has been fatal in at least 29% of cases, and in as many as 83% of cases, depending on the patient's health prior to infection. It has occurred often after natural disasters such as tornados, and early treatment is essential.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

Bacteria have been found alive in a lake buried one half mile under ice in Antarctica.

For a complete list of videos, visit our video library