"1. (25 points) Omega corporation is a ship building company focusing on luxury vessels. Lucas is a shareholder in Omega corporation and owns 53% of the outstanding shares. Judy is also a shareholder and owns 2 % of the outstanding shares. Conner is an officer for Omega corporation. Pierce is an officer of Omega Corporation and member of their Board of Directors" "A. Omega corporation needs to build a new factory and needs to buy the land for this factory. Conner sells to Omega corporation for $400,000 some land he bought for $250,000. Is Conner liable for this transaction, why or why not?" "B. Conner buys from the corporation one of the small ships built by Omega. These ships have been selling for $48,000 dollars each and there is a six month waitlist for anyone wanting one. Conner buys his ship for $42,000. Is Conner liable for this transaction, why or why not?" "C. Judy owns some construction equipment that would be useful for the corporation in building the new factory. Judy's equipment has a fair market value of $25,000. Judy sells it to the corporation for $37,000. Is Judy liable for this transaction why or why not?" "D. Omega