A voluntary termination of a corporation's existence is typically accomplished O a. with the sole approval of the board of directors alone. b. by a vote of the directors, officers and shareholders. X O c. by a vote of the shareholders and directors. O d. when the state dissolves it or through bankruptcy.The business judgment rule 0 a. holds directors liable for corporate losses due to poor decision making. @ b. holds managers liable for poor performance in the function of their duties. 0 c. makes directors immune from liability ifthere is a reasonable basis for their decisions. 0 d. makes directors immune from liability if their good faith actions turn a prot for the corporation. Which of the following is not a basis for piercing the corporate veil? O a. Corporate formalities are not observed. b. The officers pay corporate debts and bills with personal checks when the corporation is running low on cash. O c. The corporation is undercapitalized at its start up. O d. The corporation defaults on a loan business loan