Which of the following statements is/are true? I. Directors and officers of corporations have a duty of care and a duty of loyalty to shareholders. II. Directors and officers' liability is generally covered under the company's Commercial General Liability (CGL) insurance policy. III. Product liability lawsuits regarding manufacturing defect are generally based on the negligence rule. (A) I only. I and II only. (C) I an III only. (D) II and III only. (E) I, II and