Question $7($Mandatory$)(1$ point$)$

Shareholders, not directors, make major corporate policy decisions.

True

False

Question $8($Mandatory$)(1$ point$)$

If a principal's instructions are not clearly stated, an agent can fulfill the duty of obedience by acting in good faith and in a reasonable manner.

True

False

Question $9($Mandatory$)(1$ point$)$

The operating agreement of a limited liability company cannot provide for the calculation of a buyout price on a member's dissociation because the event has not yet occurred.

True

Falco