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Questions and Answers
What is a corporation?
What is a corporation?
- A natural person
- An artificial being created by operation of law (correct)
- A judicial entity
- A stock market
What does the Corporation Code of the Philippines describe?
What does the Corporation Code of the Philippines describe?
- Requirements for becoming a judicial entity
- Requirements for incorporation, issuance of shares, limitations on dividends, definition of legal capital, and procedures for the retirement of stocks (correct)
- Requirements for trading in the stock market
- Requirements for becoming a natural person
Who can be a shareholder of a corporation?
Who can be a shareholder of a corporation?
- Only judicial entities
- Only natural persons
- Neither natural persons nor judicial entities
- Either natural persons or judicial entities (correct)
