Which of the following statements is/are correct? I. All illegal acts are ultra-vires acts Statement II. All ultra-vires acts are illegal acts Statement III. An ultra vires act is voidable Statement IV. Ultra vires acts are acts which a corporation is empowered to do or perform Select one: a. I, II, III, and IV b. II and III c. II and I d. None of the choices Statement 1. A director must be a stockholder Statement 2. A trustee must be a stockholder Select one: a. Statement 1 is false: Statement 2 is true b. Statement 1 is true: Statement 2 is false c. Statement 1 is false: Statement 2 is false d. Statement 1 is true: Statement 2 is true It is required that a _____________ must be a member of a corporation. Select one: a. Director b. Trustee c. Secretary d. President e. Treasurer Plays an important role in improving or maintaining the financial health and success of the business Select one: a. Secretary b. Treasurer c. Director d. Trustee e. President