Author Question: Ryan is a shareholder of Sigma Corp He has evidence to suggest that its president/CEO has allowed ... (Read 83 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?

Autoimmune diseases occur when the immune system destroys its own healthy tissues. When this occurs, white blood cells cannot distinguish between pathogens and normal cells.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

For a complete list of videos, visit our video library