. A corporation's purpose is to sell coffee beans harvested inside and outside of the Philippines. One of the directors entered into a contract with a delivery service. The contract provides that the corporation will be providing the beans, the details of the buyer, while the delivery service will be tasked to ensure safe and quick delivery of the products. The stockholders are not questioning the validity of the contract because it is not within the purpose of the corporation. Who among the parties are correct? * * () The stockholders are correct because a corporation can only do things that are within its authority. O The director is correct because it did not identify the corporation as liable for any obligations entered into between the director and the delivery service. O The stockholders are correct because the contract is not valid. Every contract must be with the unanimous decision of the stockholders. () The director is correct because the contract is an implied authority.Statement 1: A particular partnership requires that all partners contribute all the present property that belongs to them at the time of the constitution of the partnership, to a common fund, as well as the profits that may be acquired therewith. Statement 2: A universal partnership requires that all profits that the partners may acquire by their industry or work during the existence of partnership shall be part of their contribution. Which of these statements are correct? O None of the above O Only Statement 2 O Statement 1 and Statement 2 O Only Statement 1ABC Corporation is engaged in the business of delivering products in the entire Philippines. It found out that there is an increasing demand for locally made wines. The board of directors are planning to invest some of the unrestricted earning of the corporation to this blooming business. What vote is required? * O Majority vote of the board of directors Approved by the majority vote of the board of director ratified by 2/3 of the outstanding capital stock O None of the above O) Majority vote of the outstanding capital stock and majority vote of the board of directorWhat type of cooperative promotes and advocates cooperativesm among its members and the public through different activities to reach out to its intended beneficiaries? O Marketing Cooperative O Multipurpose Cooperative O Service Cooperative O Advocacy CooperativeB, stockholder of XYZ Corporation, has a subscribed stock. However, B was never able to pay the remaining price of the share. Being a popular person, B is being nominated to be a director. Will his nomination prosper? * CC O Yes. Provided that 2/3 of the holder of subscribed capital stock nominated for B, he can be nominated as a board of director O) Yes. Every stockholder has a right to be nominated () No. B holds a delinquent share of stock so he cannot be nominated () No. B must first show his qualities as a director before he can be nominated