Question
3.A, B, C, D, E, F & G are duly elected directors for 2015 of Excellent Corporation. On August 1, 2015, directors A, B, C,
3.A, B, C, D, E, F & G are duly elected directors for 2015 of Excellent Corporation. On August 1, 2015, directors A, B, C, D and E met to fill two vacancies in the board brought about by the valid removal of F for disloyalty to the corporation and the death of G. In the said meeting, the remaining directors voted for X to replace F and Y, a son of G to replace his father. Both X and Y are owners of at least one share of stock of the corporation. The election of X and Y by the remaining directors is:
a.Valid for both X and Y
b.Not valid for both X and Y
c.Valid with respect to X; not valid with respect to Y
d.Not valid with respect to X; valid with respect to Y
Choose your answer and explain. (5pts)
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