Question 211 pts 1st Statement: Voting trust agreements can be entered into for a period not exceeding 5 years at any one time except when it is a condition in a loan agreement but shall automatically expire upon full payment of the loan. 2nd Statement: A voting trust agreement must be in writing and notarized, and shall specify the terms and conditions there. Group of answer choices Only 1st statement is true Both statements are not true Both statements are true Only 2nd statement is true Question 231 pts The following are transactions pertaining to shares of stock of a certain corporation: 1. Subscriptions to 100 shares of stock at P100.00 par value per share by Mr. AA. II. Purchase of 30 shares of stock from the corporation's treasury shares by Mr. BB at a total price of P300.00. III. Purchase of 100 shares of stock by Mr. CC at a total price of P1.200.00, from Mr. DD, another stockholder. Which of the above transactions are enforceable although they are not in writing? Group of answer choices I and III. C I only II and III I and II. Question 331 pts Which of the following is a valid corporate act? Group of answer choices Declaration of stock dividend by the majority vote of the board of directors Filling of vacancies in the Board of directors by the stockholders in a regular or special meeting called for that purpose. Filling of vacancies in the board by two third (2/3) of the members of the executive committee. C Declaration of cash dividend by the majority members of the executive committee