1. Which of the following corporate acts need not be taken up in a meeting of the stockholders? Mere written assent of the members or stockholders, even without meeting is enough to bind the corporation.

Group of answer choices

A. Incurring, creating or increasing bonded indebtedness

B. Adoption and repeal of the by-laws

C. Amendment of the Articles of Incorporation

D. Increase or decrease of the capital stock

2. A, B, C, D and E organized a corporation. An Article of Incorporation was prepared, signed and acknowledged before a notary public and filed with the SEC. The corresponding certificate of incorporation was issued. It turned out, however, that A, B and C are not residing in the Philippines. What is the status of the corporation?

Group of answer choices

A. Corporation by estoppels

B. De facto corporation

C. De jure corporation

D. Corporation by prescription