1. Are laws detrimental to the success of a business? Give a particular situation or example where a particular law adversely affected a business enterprise. ( 10 points)
2. Cite at least 1 specific violation of each law relating to business operations and the corresponding penalty thereof.

a. Tax Reform Act of 1997 (Republic Act No. 8424)

b. Intellectual Property Code of the Philippines (R.A. 8293)

c. Civil Code of the Philippines (R.A. No. 386)

d. The Corporation Code of the Philippines (B.P. 68)

e. The Philippine Fisheries Code (R.A. No. 8550)