Can somebody please help me answer, just the letters only thankyou

1.Which of the following statement is false?

a.Two or more person can form a partnership.

b.One (1) person can form a corporation

c.A corporation has no minimum capitals stock

d.An incorporator is not required to own capital stock in a stock corporation.

2.A, B & C formed a partnership for a term of five (5) years. A assigned his interest to Denmark. When B and C knew of the assignment, they decide to dissolve the partnership. Whose consent is required for the dissolution?

a.Denmark b. B & C c. A, B & Cd . A, B, C & Denmark

1.A corporation generally can issue both par value stock and no-par value stock. These are all fixed in the Articles of Incorporation of the corporation. Which of the following corporations may be allowed to issue no par value shares?

a. Building and Loan Association b. Pawnshop c. Trust Companies;d. All of the choices.

2.In a corporation, any two (2) or more positions may be held concurrently by the same person, except that one (1) person shall notact as:

a.President and Business Manager

b.Secretary and Treasurer

c.Treasurer and Director

d.None of the choices

3.Preferred shares cannot vote on the proposal _______.

a.To include other corporate officers in the corporation's by-laws;

b.To issue corporate bonds;

c.All of the above;

d.None of the above.

4.In 2005, L, M, N, O and P formed a partnership. L, M and N were capitalist partners who contributed P500,000 each, while 0, a limited partner, contributed P1 ,000,000. P joined as an industrial partner, contributing only his services. The Articles of Partnership, registered with the Securities and Exchange Commission, designated L and 0 as managing partners; L was liable only to the extent of his capital contribution; and P was not liable for losses.

In 2006, the partnership earned a net profit of P800,000. In the same year, P engaged in a different business with the consent of all the partners. However, in 2007, the partnership incurred a net loss of P500,000. In 2008,the partners dissolved the partnership. The proceeds of the sale of partnership assets were insufficient to settle its obligation. After liquidation, the partnership had an unpaid liability ofP300,000. Assuming that the just and equitable share of the industrial partner, P, in the profit in 2006 amounted to P1 00,000, how much is the share of 0, a limited partner, in the P800,000 net profit?

a.P160,000.b.P175,000c. P280,000. d. None of the choices.

5.Related to the problem in Question No. 11, in 2007, how much is the share ofO, a limited partner, in the net loss of P500,000?

a.P 0. b.P1 00,000. c.P125,000.d. P200,000.

6.While the incorporation papers of XYZ, Inc. were pending before the SEC for approval, E, the designated Treasurer in the Articles of Incorporation held real estate property worth P20,000 which he turned over for shares purchased in XYZ Inc. Before the certificate of incorporation for XYZ, Inc could be issued, H, who claims to be the owner of said real estate property, filed an action against XYZ, Inc. for recovery of possession of the same. Which among the choices is correct?

a.H's suit will prosper for XYZ is the owner of the real estate

b.H's suit will prosper for XYZ is responsible for the act of E

c.H's suit will not prosper for XYZ has no juridical personality yet

d.H's suit will not prosper for XYZ for the SEC was not impleaded in the case

7.Y, as President of and in behalf of AAA Corporation, as a way to accommodate X, one of its stockholders, endorsed the check issued by X. Which statement is most accurate?

a.It is an ultra vires act

b.It is an invalid indorsement;

c.The corporation will be held liable to any holder in due course;

d.It is a voidable endorsement of a check

8.You have been asked to incorporate a new company to be called FSB Savings & Mortgage Bank, Inc. Which of the documents listed below isnot among the requirements that you must submit to the SEC to obtain a certificate of incorporation for FSB Savings & Mortgage Bank, Inc. ?

a.Articles of Incorporationc.Certificates of Stock

b.Treasurer's affidavit d.BSP Monetary Board Certificate of Authority

9.A corporate officer or director cannot, take advantage for their personal benefit a business opportunity which the corporation is financially able to undertake.

a.Trust fund doctrine

b.Doctrine of limited capacity

c.Doctrine of corporate opportunity

d.None of the above

10.The rule is that valuation of the shares of a stockholder who exercises his appraisal rights is determined as of the day prior to the date on which the vote was taken. This is true-

a.Regardless of any depreciation or appreciation in the share's fair value.

b.Regardless of any appreciation in the share's fair value.

c.Regardless of any depreciation in the share's fair value.

d.Only if there is no appreciation or depreciation in the share's fair value.

11.Choose the minimum requirement of the Corporation Law to increase capital stock:

Authorized CapitalSubscribed Paid in Capital

a.P50,000P20,000P3,125

b.P50,000P20,000P4,000

c.P50,000P25,000P,4,999

d.P50,000P25,000P6,250