Question 56 1 pts Where a director, by virtue of such office, acquires a business opportunity which should belong to the corporation, thereby obtaining profits to the prejudice of such corporation, the director must account for and refund to the latter all such profits. O Doctrine of Corporate Loyalty O Good Faith Principle O Corporate Opportunity Doctrine O Business Judgement Rule Question 57 1 pts The right of a stockholder to dissent and demand payment of the fair value of the shares. O Right to Due Process O Doctrine of Reasonable Opportunity O Appraisal Right O Right of Pre-emption Question 58 1 pts Which of the following cannot be a valid consideration for the issuance of stocks? O Tangible or intangible properties, promissory notes and future services O Amounts transferred from unrestricted retained earnings to capital O Labor performed for services actually rendered to the corporation O Previously incurred indebtedness by the corporationQuestion 59 Proxy distinguished from a voting trust agreement - O A proxy has legal title to the shares O A proxy is irrevocable for a period of 10 years O A proxy has the right to inspect corporate books O Unless continuing in nature, a proxy can only act at a designated stockholders or members meeting Question 60 A type of corporation formed for charitable purpose: O Lay Corporation O Ecclesiastical Corporation O Eleemosynary Corporation O Evangelical Corporation