1. Give a business activity under the 1987 Constitution, the equity of which must be owned by filipino citizens. a. At least 60% b. At least 70% c. 100% 2. Give 2 cases in which aliens may be allowed to acquire equity in a business activity but cannot participate in the management thereof (10%) 3. Differentiate between Wand incorporators (at least 4) (10 pts.) 4. When does a corporation acquire corporate existence? (10 pts.) 5. How corporate powers exercised? (10%)