1.If a majority shareholder has de facto control over a corporation, that individual may owe a fiduciary duty to minority shareholders in exercising that control.

a. True

b. False

2.Corporate directors and officers have a duty to act in the best interests of the corporation and of its shareholders as a whole, rather than the best interests of any specific shareholder.

a. True

b. False

3.A person who acquires a share of stock is part owner in the corporation.

a. True

b. False

4.Corporate shareholders generally exercise ownership control through the power of their voting rights.

a. True

b. False