1. Hakot Corporation invested its funds in a foreign corporation with the approval of its board of directors. Perfect, a shareholder, questioned the investment made as the same was not approved by the required votes of the stockholders. Immediately thereafter, Hakot Corporation called a stockholders' meeting to have such investment ratified. May the illegal investment be ratified? Explain.

2. MayMaliBa Corporation submitted its Articles of Incorporation containing the following provisions: a) Principal Address. The principal office of the corporation shall be located in Laoag City. b) Authorized Capital Stock. The capital stock of the corporation is Five Hundred Thousand Pesos (Php500,000.00). What are your comments and suggested changes to the proposed AOI? Explain