Bill Fences, a billionaire, is a member of Macrosofts board of directors. Macrosoft is a computer software company. A friend of his approaches Bill with the opportunity to buy a 10-seat private jet. Bill jumps at the opportunity and purchases the jet for his family for Christmas. A shareholder learned of Bills purchase and brought a derivative lawsuit, claiming that Bill violated his duty of loyalty to Macrosoft. Which of the following statements is TRUE?

Group of answer choices

The shareholder will lose the suit, because Bill owes his primary loyalty to his family.

The shareholder will lose her suit, because Macrosoft is not in the business of air travel, thus Macrosoft did not lose a business opportunity by Bill purchasing the jet.

The shareholders case will be significantly strengthened if she learns that Macrosoft had been considering purchasing a private jet.

The shareholder will lose her suit if it turns out that Bill sits on numerous boards of directors, and it would be logistically impossible for him to offer the opportunity to purchase the jet to all these corporations at the same time.

Ratification of Bills purchase, by disinterested directors, cannot erase Bills wrong-doing.