QUESTION 14 A shareholder's derivative suit is generally started: O a. by directors against a majority shareholder who has breached his fiduciary duty to the corporation. O b. by shareholders on behalf of the corporation when the directors fail to undertake an action to remedy a legal wrong against against the corporation. O c. by a shareholder who must also be a director of the corporation. O d. by minority shareholders against a majority shareholders QUESTION 15 In a Chapter 11 bankruptcy, the reorganization plan must contain: O a. a statement of preference for one creditor over the others b. a provision of adequate means for the plans execution O c. a certificate providing attendance at a credit counseling session. O d. turning over all future income to the trustee QUESTION 16 Jeb buys furniture for personal use from Raymour & Flanigan, a retail seller of electronics. Jeb pays 85% of the purchase price up front and agrees to pay the balance in monthly installments. Jeb signs a security agreement giving a security interest in the furniture to the seller. If Jeb subsequently defaults on his payments:, PC Richard a. may keep the furniture at seller's discretion b. Must sue the debtor for breach of contract prior to repossession. c. must dispose of the furniture at a public auction O d. must dispose of the furniture within 90 days of repossession