QUESTION $28$

$1\mathrm{.}67$ points

Which of the following is true of a shareholder's legal duties.

No shareholders ever have any legal duties

Shareholders have a fiduciary duty to each other, but not to the corporation.

Shareholders typically have few legal duties, but minority shareholders can sometimes have fiduciary duties to the corporation and to majority shareholders

All shareholders have a fiduciary duty not to compete with the company

Shareholders typically have few legal duties, but majority shareholders can sometimes have fiduciary duties to the corporation and to minority shareholders