TRUE OR FALSE

1. A corporation cannot establish a One Person Corporation because it is not qualified.
2. Because the corporation is an OPC, it is not required to have a director's meeting toauthorize its acts.
3. In OPCs, the stockholder is presumed to be the President of the Corporation.
4. Nominees to an OPC may be appointed by the stockholder in secret to be revealedonly upon the death of the stockholder.
5. The stockholder in an OPC is not liable for the corporation's debts unless thecorporation was not adequately funded in the first place.
6. In an OPC, piercing the veil of corporate entity is not necessary as there is only oneshareholder.
7. OPCs can become a regular corporation just like regular corporations can become OPCs.