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Question 41 pts Is a by-law provision of "X" Corporation "rendering ineligible if elected, subject...

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Question 41 pts Is a by-law provision of "X" Corporation "rendering ineligible if elected, subject to removal, a director if he is also a director in a corporation whose business is in competition with antagonistic to said corporation" valid and legal? Group of answer choices Yes, under the principle of "vested interest" Yes, provided it is approved by 2/3 of the outstanding capital stock. No, under the principle of "separate entity". Yes, under the principle of "corporate opportunity". Question 121 pts Mercy subscribed 10,000 shares of Rosario Corporation and paid 25% of the total subscription. During the stockholders' meeting how many votes on subscribed shares does Mercy have? Group of answer choices Not entitled to vote 10,000 shares 2,500 shares 7,500 shares Question 161 pts Statement 1: An absent director may be represented by another person in meetings of the Board of Directors. Statement 2: Proxy voting is allowed in meetings of the stockholders and the Board of Directors. Group of answer choices Both statements are false. Both statements are true. First statement is true but second statement is false. C First statement is false but second statement is true

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