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1. Which statement is correct regarding by-laws? a. The right to amend and adopt by-laws resides with the stockholders and can never be delegated to

1. Which statement is correct regarding by-laws?

a. The right to amend and adopt by-laws resides with the stockholders and can never be delegated to the Board alone

b. May contain provisions on good governance. anti-graft corruption measures, and arbitration agreement

c. There is only 1 way or method to adopt and to amend by-laws

d. Needs only to be consistent with the Articles of Incorporation

2. The Board of Directors of a stock corporation whose head office is in Makati may hold regular meetings in Davao City

a. TRUE

b. FALSE

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