1. Hera, through its president, entered into a contract with Hero to publish the new set of accounting textbooks. Hera published the textbooks but it did not pay Hero. This prompted Hero to file a collection suit. During the trial, it was found out that Hera is not a registered corporation. The president invoked as defense the separate juridical personality of the Hera as a corporation. Is Hera a de facto corporation? Explain.

2. What is the nationality of a corporation organized and incorporated under the laws of a foreign country, but owned 100% by Filipinos? Foreign or domestic corporation? Explain?