Answer the following questions appropriately please???

REVISED CORPORATION LAW

1.) Corporation which is public in character but private in purpose:

A.) Corporation

B.) De facto corporation

C.) Non-stock corporation

D.) GOCC

E.) Close corporation

2.) Shares which have been lawfully issued by the corporation and fully paid for and later reacquired it either by purchase, redemption, donation, forfeiture or other lawful means:

A.) Treasury shares

B.) Redeemable shares

C.) Delinquent shares

D.) Stock options

3.) The following are causes for suspension or revocation of certificate of registration of a corporation, EXCEPT:

A.) fraud in procuring certificate of registration

B.) continuous inoperation for 2 years

C.) serious misrepresentation to the damage of the general public

D.) defiance of any lawful order of the SEC

4.) Which among the following is not a valid issue value of a no par value share?

A.) Php 0.50

B.) Php 5.00

C.) Php 50.00

D.) Php 500.00

5.) A corporation has a juridical personality separate and distinct from that of its stockholders or members:

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.)Trust Fund Doctrine

E.) Dummy Doctrine

6.) This doctrine allows the State to disregard the separate juridical personality of the corporation where the entity is formed or used for non-legitimate purposes.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

7.) The capital of the corporation must not be dissipated for the purpose of payment of corporate obligations and liabilities.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

8.) Where the Articles of Incorporation do not provide for any distinction of the shares of stock, all shares issued by the corporation are presumed to be equal and enjoy the same rights and privileges and are also subject to the same liabilities.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

9.) Where the corporation is controlled by aliens, this is in violation of the law as where it was organized under Philippine laws

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

10.) The following are qualifications of incorporators except:

A.) Natural or artificial persons

B.) Must own at least one share of stock, if stock corporation

C.) Must be of legal age, if natural person

D.) Majority must be citizens of the Philippines

E.) None of the above

11.) Persons who, acting alone or with others, take initiative in founding and organizing the business or enterprise of the issuer and receive consideration therefor

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

12.) Those mentioned in the article of Incorporation as originally forming and composing the corporation

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

13.) Comprise the corporation whether as stockholders or members:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

14.) Owners of shares in a corporation which has a capital stock:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

15.Corporators of a corporation which has no capital stock:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

Enter Shift Caps 4. A sole proprietor can be liable to a customer either directly (by his own actions) or 3 1735 068 505 258 vicariously through the actions of an employee. (A) Provide a factual situation that would give rise to an owner's direct actions under the fort called negligence Ctri (B) Provide a factual situation that would give rise to vicarious liability under a negligence theory. (C) Provide a factual situation that would give rise to vicarious liability for an intentional tort, 10 PointsQuestion 4: (A) If you have been hired as company law expert to make immediate changes in the company law. Point out and describe any three (3) major changes, which you will suggest bringing change in law to promote business activities. (Maximum 400 words) (5 Marks) (B) Mismanagement is a severe issue in almost all types of companies. Discuss any three major situations when its existence is formally recognized under company law. Examine a real time example of any company which termed as mismanagement and curbed by law. (Maximum 400 words) (5 Marks)which is not a legislative body of the People's Republic of China? A. NPC C. CCA B. SCNPC D. The State Council 4. Who of the following persons have sufficient capacity to settle a contract? A. Minors B. Mentally incompetent persons C. University students above 20 years old D. Intoxicated persons 5. In which of the following circumstances the contracting party has no excuse for non-performance? A, flood B. earthquake C. continuous rainfall D. volcano eruption 6. Who could not be a legal representative of a company according to China's Company law? A. chairman of the BOD B. supervisor C. manager D. acting director 7. According to China's Company law, who of the following persons could be eligible for appointment as a director, supervisor or senior manager of a company? A. A person who has been convicted crime of corruption B. A physical disabled person who has full civil capacity C. A former director of a company which has been declared bankrupt where he was personally responsible for the bankruptcy D. A person who has significant unpaid debts. 8. Which of the following FIE forms is not a legal person? A. CJV B.EJV C. Branch office D.IHC 9. According to China's company law, a company may not purchase its own shares in which of the following circumstances! A. to reduce the registered capital B. to merge with another company that holds its shares C. to reward the staff of the company with shares D. to escape some tax Page 2 7 pages in total