QUESTION 27 The manager of a manager-run LLC is protected by the business judgment rule, but not the fairness rule. . True False QUESTION 28 If Amanda owns 10% of the stock of Modern Co., she has the common law right to purchase a proportionate share of every new offering of stock by the corporation, unless this right is limited by the corporate charter or by state law. True False QUESTION 29 A pooling agreement means that shareholders join together in a permanent arrangement and agree to vote the same way on a particular issue. True False