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Please elaborate on which laws apply: Sampson, a shareholder of the Santa Clara Corporation, sold a used truck to the Santa Clara Corporation for $9,000,

Please elaborate on which laws apply: Sampson, a shareholder of the Santa Clara Corporation, sold a used truck to the Santa Clara Corporation for $9,000, although the truck is worth $7,000. Taylor, a minority shareholder of the Santa Clara Corporation, sued claiming that this sale is void and should be annulled. Is he correct? Why? Please explain.

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