25.1. What is an ultra vires act? 25.2. Explain cumulative voting. What is the different between cumulative voting and regular voting? Who benefits from cumulative voting?

25.3. What are the fiduciary duties required of a director? What measuring comparison is used to evaluate whether a director is meeting these fiduciary duties?

25.4. What are the two major fiduciary responsibilities that directors and officers owe to the corporation and its shareholders?

25.6. First Corporation, a Massachusetts company, decides to expend $100,000 to publicize its support of a candidate in an upcoming presidential election. A Massachusetts statute forbids corporate expenditures for the purpose of influencing the vote in elections. Chauncey, a shareholder in First Corporation, feels that the company should support a different presidential candidate and files suit to stop the company's publicizing efforts. What is the result? Why?