(Answered) : 9. X, director of Y Corporation, using x’s best judgment, convinces the corporation enter into a contract with z Corporation. Y Co

9. X, director of Y Corporation, using x’s best judgment, convinces the corporation enter into a contract with z Corporation. Y Corporation loses a ot of money on the contract. The share- holders bring suit against X for the loss. What result? 10· , x, an out-of-state director of Y Corporation, has not attended a directors’ meeting for 5 years. The corporation suffers serious 1osses, and the sharehol ders seek to holdXliable. What result? The XYZ Corporation issues 100 shares of no par stock valued at $10,000 to A and B in exchange for 1 and valued in good faith