1. Drew is a shareholder in a small corporation. The only other shareholders are Courtland and Noah. Drew would like the corporation to issue new shares for sale to Teddy, but Courtland and Noah do not want Teddy to be a shareholder in the corporation. If Drew's shares are subject to a ______, Courtland and Noah may prevent Drew from selling to Teddy. a. all of the options b. conversion right c. preemptive right d. certificate 2. According to the ______, directors and officers of a corporation may not _______. a. all of the options b. duty of loyalty/ compete against the corporation c. fiduciary duty/ purchase stock in another corporation d. duty a good faith and fair dealing/ promote the corporation 3. I own stock in Apple. I believe Apple should sue Samsung for an alleged violation of a patent that Apple owns. If am able to sue on behalf of Apple, the lawsuit would be called: a. a shareholder derivative suit b. a breach of fiduciary duty c. an ultra vires act d. a breach of the duty of loyalty 4. Before am able to sue on behalf of Apple, to whom must I first make a demand that it sue Samsung: a. Apple's officers b. Samsung c. Apple's shareholders d. Apple's board of directors 5. If am allowed to sue Samsung on behalf of Apple, and if my lawsuit results in a $1,000,000,000,000 judgment against Samsung, who gets the money? a. Apple b. the Federal Trade Commission c. I do d. the Securities and Exchange Commission 6. Corporation A and Corporation B combine. The result is that Corporation A survives the transaction shareholders of Corporation B are not satisfied with the compensation they received for the acquisition of Corporation B. They are called: a. outsiders b. dissenters c. none of the options d. ingrates