Ray is a shareholder of Small Biz Company (SBC). When the directors fail to undertake an action to redress a wrong suffered by SBC, Ray files a suit on the firm's behalf.
Ray's suit is a shareholder's:
a. business-judgment rule suit.
b. derivative suit.
c. duty-of-care suit.
d. duty-of-loyalty suit.
Damages recovered by Ray's suit will go to:
a. Ray.
b. SBC.
c. SBC's directors.
d. the state in which SBC is incorporated.