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Questions and Answers
What type of corporation is characterized by having all outstanding stock owned by persons active in management and conduct of the business?
What type of corporation is characterized by having all outstanding stock owned by persons active in management and conduct of the business?
- Open corporation
- Multi-national corporation
- Non-profit corporation
- Close corporation (correct)
What type of corporation operates across national boundaries?
What type of corporation operates across national boundaries?
- Open corporation
- Close corporation
- Non-profit corporation
- Multi-national corporation (correct)
What type of corporation is organized without the contemplation of gains, profits, or dividends to its members?
What type of corporation is organized without the contemplation of gains, profits, or dividends to its members?
- Non-profit corporation (correct)
- Open corporation
- Close corporation
- Multi-national corporation
What type of corporation is created in strict or substantial conformity with statutory requirements for incorporation?
What type of corporation is created in strict or substantial conformity with statutory requirements for incorporation?
What type of corporation exists in fact but not in law?
What type of corporation exists in fact but not in law?
What type of corporations are governed primarily by special laws or charters?
What type of corporations are governed primarily by special laws or charters?
What is the title of the code that defines the Revised Corporation Code of the Philippines?
What is the title of the code that defines the Revised Corporation Code of the Philippines?
When did the Revised Corporation Code of the Philippines take effect?
When did the Revised Corporation Code of the Philippines take effect?
What is the primary characteristic of a corporation according to the Revised Corporation Code?
What is the primary characteristic of a corporation according to the Revised Corporation Code?
What are the four attributes of a corporation?
What are the four attributes of a corporation?
What is the acronym that represents the attributes of a corporation?
What is the acronym that represents the attributes of a corporation?
What repealed the Batas Pambansa (BP) 68 – The Corporation Code of the Philippines?
What repealed the Batas Pambansa (BP) 68 – The Corporation Code of the Philippines?
Who can raise the question of the validity of a corporation's existence?
Who can raise the question of the validity of a corporation's existence?
What is the purpose of the principle of estoppel?
What is the purpose of the principle of estoppel?
What happens when a person assumes an obligation to an ostensible corporation?
What happens when a person assumes an obligation to an ostensible corporation?
What is the term for a side attack on a corporation's validity?
What is the term for a side attack on a corporation's validity?
What is the consequence for those who assume to act as a corporation without authority?
What is the consequence for those who assume to act as a corporation without authority?
What is the term for a corporation that is sued on a transaction or tort?
What is the term for a corporation that is sued on a transaction or tort?
What is the nature of a corporation's personality?
What is the nature of a corporation's personality?
How are corporations created?
How are corporations created?
What is the duration of a corporation's existence?
What is the duration of a corporation's existence?
What type of entities are considered financial intermediaries?
What type of entities are considered financial intermediaries?
What is a characteristic of a corporation?
What is a characteristic of a corporation?
What is true about a corporation under Batas Pambansa Blg. 68?
What is true about a corporation under Batas Pambansa Blg. 68?
What is the minimum imprisonment period for an offense that would disqualify a director or officer from election?
What is the minimum imprisonment period for an offense that would disqualify a director or officer from election?
Which of the following would not disqualify a director or officer from election?
Which of the following would not disqualify a director or officer from election?
What is the basis of a corporation's creation in the Philippines?
What is the basis of a corporation's creation in the Philippines?
Which entity is responsible for enforcing the Securities Regulation Code?
Which entity is responsible for enforcing the Securities Regulation Code?
What is the time period within which a person may be disqualified from election or appointment due to a previous conviction?
What is the time period within which a person may be disqualified from election or appointment due to a previous conviction?
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