1. As a general rule, any person, natural or juridical, may become an incorporator.

a. False

b. True

2. Juan, a lawyer who graduated from the Polytechnic University of the Philippines, for the purpose of practicing the legal profession

a. May by himself set up a One-Person Corporation

b. May together with others lawyers set up a corporation

c. May by himself set up a One-Person Corporation andMay together with others lawyers set up a corporation

d. May not do any of the above

3. The classification of shares of stock of a corporation may be made

a. By Resolution of the Board of Directors on a vote of 2/3

b. In the Articles of Incorporation

c. In the By-law

d. None of the above

4. This corporation is so related to another corporation that the majority of its directors can be elected, directly or indirectly, by such other corporation.

a. Subsidiary corporation

b. Sister corporation

c. None of the above

d. Parent corporation

5. Arden is director of GONETOTHEDOGS, INC. Before his one-year term expired, he sold all his shares to Graeme. Arden automatically ceases to be a director

a. False

b. True

6. Preferred or Redeemable shares that may be deprived of the right to vote on the amendment of the articles of incorporation and the adoption and amendment of bylaws.

a. False

b. True