If a corporation has not been properly formed but the would-be shareholders believe and act as though the corporation was properly formed, they may be entitled to protection as a The par value for a corporation's shares is $1. Gabriel purchased 10,000 shares but, rather than paying $10,000 for them, he was told by the corporation's Secretary, his brother-in-law, that he could pay $5,000. If the corporation later goes out of business, A. Its creditors can sue Gabriel to get him to pay the remaining $5,000. O B. Its creditors cannot sue Gabriel because shares can be issued for less than par since it's not even necessary to have a par value. This right gives shareholders the opportunity to buy a proportional interest of future issuances of common stock to help maintain their initial percentage of ownership in the corporation. O A. Voting Rights O B. Appraisal Rights O C. Preemptive Rights O D. Inspection Rights