Dear tutor, please help me with this one. Please Explain the following. Thank you and God Bless! I will really give a positive rating to those who can help me. Please ty pe your answers here. Do not attach a picture of your answer. Thank you. Also, kindly use the most recent applicable law in the Philippines.

Explain or state briefly the rule or reason for your answer. Quote the Article Number to support your answer. 1. State the qualifications prescribed by the Corporation Code for directors and trustees of stock and non -stock corporations. 2. How shall the directors/trustees exercise their powers in order to bind the corporation Give the reasons for the rule. 3. Illustrate straight voting as a method in the election of directors. 4. Illustrate voting in a non-stock corporation in the election of trustees. 5. A contract was entered into in the name of the corporation with the unanimous approval of all the stockholders. Is the contract binding on the corporation? 6. X a director in a corporation, is recorded in the book of the corporation as owner of one (1) share of stock. X admits that the true owner is Y its President. Is X disqualified to be a director? 7. A vacancy occurs in the board of directors, further reducing the number from 11 to 6 members. Who is empowered to free the vacancy, the stockholders or the incumbent directors? 8. X was elected director in a corporation. The other directors who supported his election, assured him a monthly compensation of P50,000. In fact, they approved a resolution granting him the compensation. Is X entitled to the compensation