Corporate cases involving serious misconduct, fraud, commingling of personal and corporate funds, and deliberate undercapitalization during incorporation give rise to Promotion of justice theory Piercing the corporate veil Alter ego theory Derivative suit Question 2 ( 2 points) Individuals responsible for the daily operations of a corporation are Shareholders Officers Partners Directors The minimum number of shareholders needed to take a corporate vote is a Quorum Preemptive right Proxy Derivative Question 4 ( 2 points) When shareholders use a corporation to achieve what they could not directly do themselves, courts use the Derivative suit Piercing the corporate veil Promotion of justice theory Alter ego theory An individual or business cannot buy shares in a corporation to file a derivative suit for actions that occurred before becoming a shareholder. True False