1. The shareholders of the acquiring company in a statutory merger must consent to the merger. True or False? Explain: 2. If a corporation fails to file articles of dissolution, its shareholders may be personally liable for its debts. True or False? Explain: 3. When a company files for bankruptcy, it may dissolve or it may reorganize and continue doing business. True or False? Explain: 4. An employee is an agent of their employer and an independent contractor is not. True or false? Explain: 5. If a shareholder believes that the board of directors has breached its fiduciary duties, the shareholder can bring either a direct or a derivative action to enforce fiduciary duties, depending on the circumstances. True or False? Explain: 6. Partners in a limited partnership may contract around fiduciary duties in their partnership agreement, but members in a limited liability company may not. True or False? Explain: 7. If a company borrows money and assigns a security interest in its assets to the lender as collateral, then that lender can foreclose on the assets as soon as the company defaults on the loan. True or False? Explain: 8. A court will characterize a financing agreement as either a debt or an equity investment depending on its economic substance (not just on what the parties call the agreement). True or False? Explain