Bixler obtained an option on a building he believed was suitable for use by a corporation he and two other men were organizing. After the corporation was successfully promoted, Bixler met with the Board of Directors who agreed to acquire the property for $200,000.Bixler deeded the building to the corporation and the corporation began business in it.Bixler's option contract called for the payment of only $155,000 for the building and he purchased it for that price.When the directors later learned that Bixler paid only $155,000, they demanded the return of Bixler's $45,000 profit.Bixler refused, claiming the building was worth far more than $200,000 both when he secured the option and when he deeded it to the corporation.Assuming that these statements are true, will he have to repay the $45,000?Fully explain.