Insurance and Labor Law Regulations
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Questions and Answers

What is the duration of the notice and execution of award in government procurement?

  • 30 days
  • 90 days (correct)
  • 60 days
  • 120 days
  • What is the period of action on procurement activities in government procurement?

  • 30 days
  • NOA (Notice of Award) (correct)
  • 90 days
  • 60 days
  • When does the entering into contract take place in government procurement?

  • Immediately
  • 90 days
  • 60 days
  • After the notice and execution of award (correct)
  • What is the purpose of the NTP (Notice to Proceed) in government procurement?

    <p>To inform the supplier of the project start date</p> Signup and view all the answers

    What is the duration of the off-site access in government procurement?

    <p>Not specified</p> Signup and view all the answers

    What is the purpose of the period of action on procurement activities in government procurement?

    <p>To facilitate the procurement process</p> Signup and view all the answers

    What is the prescriptive period for a breach of warranties under the Consumer Protection Act?

    <p>4 years from discovery</p> Signup and view all the answers

    What is the duration for settling a consumer complaint under the Lemon Law?

    <p>Settled not later than 10 working days from date of complaint</p> Signup and view all the answers

    What is the validity period for a business permit under the Ease of Doing Business Law?

    <p>1 year (renewable)</p> Signup and view all the answers

    What is the timeframe for the implementation of a Government Procurement project under the Ease of Doing Business Law?

    <p>Within 20 working days</p> Signup and view all the answers

    What is the period for requesting compensation for non-use under the Consumer Protection Act?

    <p>Within 2 years from effectivity date</p> Signup and view all the answers

    What is the duration for a warranty under the Consumer Protection Act?

    <p>60 days to 1 year</p> Signup and view all the answers

    How many years of operation are required for a cooperative to be considered for automatic dissolution?

    <p>2 years</p> Signup and view all the answers

    Within how many days should a certified true copy of the GIS be filed with the SEC?

    <p>60 days</p> Signup and view all the answers

    What is the minimum period of notice required for a regular meeting of members?

    <p>1 week</p> Signup and view all the answers

    How many years of delinquent status are allowed before a cooperative is automatically dissolved?

    <p>2 years</p> Signup and view all the answers

    Within how many days should a notice of a special meeting of members be given?

    <p>1 week</p> Signup and view all the answers

    What is the maximum period for which a cooperative can be exempt from filing annual financial statements?

    <p>Not more than 5 consecutive years</p> Signup and view all the answers

    How many calendar days are required for the filing of annual financial statements for a stock corporation?

    <p>120 days</p> Signup and view all the answers

    What is the minimum period of notice required for a special meeting of directors?

    <p>1 week</p> Signup and view all the answers

    How many years must a person have been a resident of the Philippines to be eligible as a rehabilitation receiver?

    <p>6 months</p> Signup and view all the answers

    Within how many days must a notice of termination of a tender offer be published?

    <p>10 days</p> Signup and view all the answers

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