Dear tutor, please help me with this one. Please Explain the following. Thank you and God Bless! I will really give a positive rating to those who can help me. Please ty pe your answers here. Do not attach a picture of your answer. Thank you. Also, kindly use the most recent applicable law in the Philippines.

Explain or state briefly the rule or reason for your answer. Quote the Article Number to support your answer. 1. What are the requisites in the statement of the purpose or purposes for which a corporation is formed? 2. May individuals organize a corporation by mere agreement like in the formation of a general partnership? Explain 3. How shall the 25% subscription requirement be computed where the capital stock consists only of par value shares? 4. What are the essentials for the existence of a de facto corporation? 5. A corporation was continuously inoperative for three (3) years. Is the corporation deemed dissolved? 6. Two (2) years before the expiration of the corporate term of existence, the corporation applied with the Securities and Exchange Commission for extension of said term. Under the law, can the extension be granted? 7. Under Section 10, there must be at least five (5) incorporators in the formation of a corporation. X organized a corporation, together with A, B, C, and D. All the shares are admittedly owned by X who register four (4) shares in the name of A, B, C, and D. Is this a violation of the mandatory requirement of minimum number of incorporators? 8. Under Section 13, at least 25% of the authorized capital stock must be subscribed and at least 25% of the subscription must be paid up but the paid - up capital must not be less than P5,000 with where the authorized capital stock of the corporation is. Can this requirement be complied only P20,000