1. upon the incorporation, the incorporators must choose whether their company has perpetual life or whether it has a fixed term. IS THIS TRUE OR FALSE?

2. once a corporation has been organized its article of incorporation becomes its primary rules of being and can no longer be changed. IS THIS TRUE OR FALSE?

3. A corporation, while having perpetual life, can still lose its corporate existence. IS THIS TRUE OR FALSE?

4. Juridical personality of a corporation means it is a personality with respect to the courts. IS THIS TRUE OR FALSE?

5. Market value of shares are the value of the shares is computed by subtracting from the net assets of a corporation all its liabilities, then dividing the same by the number of shares outstanding. IS THIS TRUE OR FALSE?

6. Corporations are artificial persons that have all the rights of a natural person. IS THIS TRUE OR FALSE?

7. Treasury shares are share that are more valued by the corporation than common shares. IS THIS TRUE OR FALSE?