ANSWER AND EXPLAIN GIVE THE SUPPPORTING SECTIONS IN THE REVISED CORP CODE

1.X entered into a contract with a corporation. In a suit against the corporation, its lawyer raises the defense that the contract was in violation of its by-laws. Is this defense tenable?

2.The authority given to the board of directors to amend its by-laws was revoked in a meeting of stockholders without previous notice that such matter could be acted upon in the meeting. Is the revocation valid?

3.A meeting of stockholders was improperly called and held. The business transacted at the meeting was questioned. What arguments can be raised to uphold its validity?

4.After the existence of a quorum has been determined in a meeting of stockholders, a number of them left the meeting, thereby leaving less than a quorum. Is the majority vote of those present sufficient to validly decide a matter properly presented?

5.X pledged his shares of stock to Y. as between them, who has the right to attend and vote at meetings of stockholders?