TOR F

1. In a corporation, the board of directors elect the officers of the corporation.
2. A "fixture" is a piece of personal property that has been attached to real property but does not become part of the real property.
3. An accountant is only liable to his client for damages caused by the accountant's negligence in conducting an audit.
4. The person who receives a tip from an "insider" is considered an "insider" subject securities law violation for "insider trading".