Watts and Franco started up Franco's Heating &Air conditioning Ltd [metal fabrication} to support Watls' successful plumbing and mechanical contracting business. Because Franco generated some business directly, Watts held only 30 percent of the shares. What Watts didn't know was that Franco incorporated another ccrrlpa ny (Franco 92 Inc] where he owned ALL of the shares and diverted as much business as he could to it. When Watts found this out. he brought an action for oppression against Franco. Will Watts be successful? 0 No because Watts and Franco share an incorporated company and duciary duties do not apply 0 No because They had previously agreed that it wouldn't be the case all prots are shared 0 Yes because France is a directors on the ow board and has a duciary duty to the company which he breached D Yes because of a partnership agreement stating they would share in prots