Course: Cooperative Management (Philippines) Explain the following. Follow the instructions given

11. Is it safe to say that there are co-ops that may never be taxed at all under the present Code? Explain. 12. Do all of the privileges extended under Art. 63 enjoyed by cooperatives. What do you think? 13. When the law speaks of "lien," there are how many contracts involved? Explain. 14. Other than the fact that the requirement is a legal mandate, what reasons exist to motivate a co-op to maintain its books of accounts? 15. If a member has a loan that is fully covered by his deposits in the co-op, may he be allowed to withdraw his deposits in the co-op? 16. As laid down in the Code, will the rights, responsibilities and privileges of cooperatives secure the upliftment of the living conditions of people in depressed areas if the setting up of cooperatives is the main strategy for development? 17. How doable or implementable are the privileges extended to cooperatives