27. As a promoter for New Market Corporation, Owen is personalilty liatbile So pre-incorporation contract until New Market a assumes the b. ratifies the contract. c. rejects the contract. d. breaches the contract. contact by novation. 28. Sam is the majortyseholder of Uiban Sales, lne.ish. A cout personally liable for USI's debts court might hold Sam a. if Sam's personal interests are commingled with USI's interests to the extent USI has no separate identity b. if USI calls more than the required number of shareholders' meetings c. if USI is overcapitalized. d. under no circumstances. 29. Shareholders may not vote by proxy. 30. Eve is a director of Fine Stuff Corporation. Without informing Finc, Eve soes business with Great Things, Inc., in competition with Fine. Eve is liable for breach of a. no duty or rule. b. the business judgment rule. c. the duty of care. d. the duty of loyalty. 31. Kim is a holder of preferred stock in Macro, Inc. Kim has priority over holders of Macro common stock as to: a. increases in value over time. b. payment of dividends. c. the date on which Macro must repurchase the shares d. upward changes in the market price o the shares. 32. Like the bylaws of other corporations, the bylaws of Retail Sales Inc. a. are filed in the office of the Secretary of the State of Incorporation. b. contain the same information as the Articles of Incorporation. c. were adopted at its first organizational meeting d. were submitted for approval to all the shareholders