1.T or F -Shareholder meetings are at the discretion of the board of directors.

2.T or F Directors generally are elected by a single class of shareholders in straight voting.

3.T or F Only majority shareholders have right to receive important information about the corporation.

4.Once declared, dividends are _______ of the corporation.a)Debts.b)Credits.c)Derivative.

5.A right of redemption (or a call) is a:

a)rightof the corporation to force a director to indemnify shareholders for the director's wrongdoing.

b)rightof the corporation to force an involuntary sale by a shareholder at a fixed price.

c)right of the corporation to begin dissolution.