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 eholders join together in a permanent arrangement and agree to vote the same way on a particular A pooling agreement means that issue. True False