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.
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