Question 27 of 29 8 points SaveAnswer George Blair is the President and Chairman of the Board of Homestyle Fried Chicken, Inc. Homestyle Fried Chicken was incorporated in 1985 and had a long history of success operating restaurants in the Tulsa, Oklahoma area. In 2018, George made the decision to expand the business to the Portland, Oregon area where George had relatives, some of which he placed in management positions within the company. The move was a financial disaster. The Company was fined $150,000 for failing to receive approval from the Oregon Secretary of State to operate in Oregon and they were hit with a $500,000 casualty loss for which there was no insurance. On top of that, the tastebuds of the Portland area customers didn't take to the Oklahoma style flavored chicken. Ultimately, the Board made the decision to close down all of its operations in Oregon and once again focus on its core restaurant business in Oklahoma. Total losses of $10,000,000 are identified. Chester Barnes is a minority shareholder in Homestyle and wants George to pay for all the losses claiming negligence. What are Chester's rights and provide a detailed analysis of whether a lawsuit against George might be successful. TT T Arial 3 (12pt) T-5-5- Question 27 of 29 8 points SaveAnswer George Blair is the President and Chairman of the Board of Homestyle Fried Chicken, Inc. Homestyle Fried Chicken was incorporated in 1985 and had a long history of success operating restaurants in the Tulsa, Oklahoma area. In 2018, George made the decision to expand the business to the Portland, Oregon area where George had relatives, some of which he placed in management positions within the company. The move was a financial disaster. The Company was fined $150,000 for failing to receive approval from the Oregon Secretary of State to operate in Oregon and they were hit with a $500,000 casualty loss for which there was no insurance. On top of that, the tastebuds of the Portland area customers didn't take to the Oklahoma style flavored chicken. Ultimately, the Board made the decision to close down all of its operations in Oregon and once again focus on its core restaurant business in Oklahoma. Total losses of $10,000,000 are identified. Chester Barnes is a minority shareholder in Homestyle and wants George to pay for all the losses claiming negligence. What are Chester's rights and provide a detailed analysis of whether a lawsuit against George might be successful. TT T Arial 3 (12pt) T-5-5