1-Shareholders of a corporation have a fiduciary duty to act in the best interests of the corporation and are prohibited from carrying on business in competition with the corporation.

a.True

b.False

2-A corporation that has been dissolved may be revived and any rights that the corporation had prior to the dissolution are completely restored.

a.True

b.False

3-A derivative or representative action is the right that shareholders have to sue the directors on behalf of a corporation.

a.True

b.False