1. Define the following:

a. Close corporation

b. Deadlock as it refers to a corporation

c. Dissolution as applied to a corporation

d. One person corporation

e. Interlocking directors

2. What are the remedies in case of a "deadlock"?

3. What are the qualifications of a provisional director?

4. Distinguish express powers, incidental powers and implied powers of the corporation.

5. Can a corporation decide not to declare a dividend even if the corporation has a surplus profit? When is the corporation prohibited from retaining surplus profit?

6. Distinguish an ultra vires act from an intra vires act.

7. How shall an ordinary corporation be converted into a one-person corporation?

8. How shall a one-person corporation be converted into an ordinary corporation?

9. Enumerate the causes or grounds for the involuntary dissolution of a corporation?

10. a. What is corporate liquidation?

b. What is the effect of corporate liquidation?