3. Peter and Pauline, as promotors, were able to obtain an option in a building that was used to manufacture pianos. They assigned their option rights on the building to the new corporation in exchange for $500,000 worth of stock In truth, the option on the building's purchase called for only $300,000. The other shareholders now seek to have $200,000 of Peter and Pauline's common stock canceled. Will the shareholders succeed? (Hint: agency law.)