III Problems Explain or state briefly the rule or reason for your answers 1 X

Iii problems explain or state briefly the rule or

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III. Problems
Explain or state briefly the rule or reason for your answers. 1. X entered into a contract with a corporation. In a suit against thecorporation, its lawyers raise the defense that the contract was in violationof its by-laws. It this defense tenable? 2. Can the by-laws of a corporation provide for the place of meetings ofstockholders? 3. The authority given to the board of directors to amend its by-laws wasrevoked in a meeting of stockholders without previous notice that suchmatter could be acted upon in the meeting. Is the revocation valid? 1. Regular meeting of stockholders or members It is a meeting of the stockholders or members which is being held annually on a date fixed in the by-laws or if not fixed, on any date in April of every year as determined by the board of directors or trustees. 2. Voting trust agreement It is an agreement in writing whereby one or more stockholders of a stock corporation transfer his or their shares to any person or persons or to a

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