Can you help me answer these?

I.A One Person Corporation is a corporation with a single stockholder.

II. Only a natural person, trust or an estate may form a One Person Corporation.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false

2.

I. Banks and quasi-banks, preneed, trust, insurance, public and publicly listed companies, a non-chartered government-owned and controlled corporations may not incorporate as One Person Corporations.

II. A natural person who is licensed to exercise a profession may organize as One Person Corporation for the purpose of exercising such profession.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false

3.

I. A One Person Corporation shall not be required to have a minimum authorized capital stock.

II. The One Person Corporation is required to submit and file corporate bylaws.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false

4.

I. A One Person Corporation shall indicate the letters "OPC" either below or at the end of its corporation name.

II. The single stockholder shall be the sole director and president of the One Person Corporation.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false

5.

I.The One Person Corporation shall appoint a treasurer, corporate secretary and other officer as it deem necessary.

II. The single stockholder maybe appointed as the corporate secretary.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false

6.

In addition to the functions designated by the One Person Corporation, the corporate secretary shall:

a. Be responsible for maintaining the minutes book and / or records of the corporation.

b. Notify the nominee or alternate nominee of the death of the incapacity of the single stockholder, which notice shall be given later than 5 days from such occurrence.

c. Notify the SEC of the death of the single stockholder within 5 days from such occurrence and stating in such notice the names, residence addresses, and contact details of all known legal heirs.

d. All of the above.

7.

I. When action is needed on any matter, it shall be sufficient to prepare written resolution, signed and dated by the single stockholder, and recorded in the minutes book of the One Person Corporation.

II. The date of recording in the minutes book shall be deemed to be the date of the meeting for all purpose.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false

8.

The One Person Corporation shall submit the following within such period as the SEC mayprescribe:

a. Annual financial statements

b. A report containing explanations or comments by the president on every qualification, reservation, or adverse remark or disclaimer made by the auditor in the latter's report;

c. A disclosure of all self-dealings and related party transactions entered into between the One Person Corporation and the single stockholder

d. All of the above.

9.

I.A sole shareholder claiming limited liability has the burden of affirmatively shoeing that the corporation was adequately financed.

II. Where the single stockholder cannot prove that the property of the One Person Corporation is independent of the stockholder's personal property, the stockholder shall be jointly and severally liable for the debts and other liabilities of the One Person Corporation.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false

10.

I. The principles of piercing the corporate veil applies with equal force to the One Person Corporation as with other corporations.

II. The commission may place the corporation under delinquent status should the corporation fail to submit the reportorial requirements 3 times, consecutively or intermittently, within a period of 5 years.

a. Only I is true

b. Only II is true

c. Both are true

d. Both are false