7. Ted is the president of Soprano Corporation (SC). Ted decided to have SC manufacture large, gas-guzzling SUV automobiles just before gasoline prices rose dramatically. As a result, SC lost billions of dollars. The shareholders of SC want to sue Ted for this bad decision that cost them billions. However, Ted had made a reasonable investigation before making this decision, he had a rational basis for it, and he had no conflicts of interest regarding this decision. What would be the probable outcome if the shareholders file a suit? A. Ted is liable under the vicarious liability rule. B. Ted is liable under the ultra vires rule. C. Ted is not liable under the business judgment rule. D. Ted is not liable under the corporate protection rule. 8. Which of the following is true about mergers? A. The shareholders of the surviving corporation must approve the merger B. The MBCA does not recognize mergers done solely for the profit motive. C. A merger may be invalidated if it freezes out minority shareholders. rsf the acquired corporation must be paid a premium on thelir shares. 9. A shareholder's preemptive right allows him to: A. increase his proportionate voting power B. maintain his dissenters' right. C. increase the value of his shares. D. maintain his proportionate share of dividends