EFG Foundation, Inc., a non-profit organization, scheduled an election for its six-member Board of Trustees. X, Y and Z, who are minority members of the foundation, wish to exercise cumulative voting in order to protect their interest, although the Foundation's Articles and By-laws are silent on the matter. As to each of the three, what is the maximum number of votes that he/she can cast?

Group of answer choices

9

12

6

3

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Question 41

1pts

In elections for the Board of Trustees of non-stock corporations, members may cast as many votes as there are trustees to be elected but may not cast more than one vote for one candidate. This is true -

Group of answer choices

unless set aside by the members in plenary session.

unless otherwise provided in the Articles of Incorporation or in the By-laws.

in every case even if the majority of the members decide otherwise during the meeting

in every case even if the Board of Trustees resolves otherwise.

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Question 42

1pts

It is one brought by one or more of the stockholder or members in the name and on behalf of the corporation to redress wrongs committed against it or to protect or vindicate corporate rights, whenever the officials of the corporation refuse to sue, or are the ones to be sued or hold control of the corporation.

Group of answer choices

Quo warranto

Individual suit

Mandamus

Derivative suit

Question 43

1pts

Singapore Airlines is a foreign airline company. Singapore Airlines tickets are sold in the Philippines though Philippine Airlines as their general agent. Singapore Airlines is not registered to do business as such with the Philippine Securities and Exchange Commission. Which statement is most accurate?

Group of answer choices

Singapore Airlines cannot sue and cannot be sued also.

Although unlicensed to do business in the Philippines, Singapore Airlines can sue before the Philippine Courts and can also be sued.

Singapore Airlines can sue but cannot be sued.

Singapore Airlines can be sued in Philippine Courts but cannot sue.

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Question 44

1pts

A corporation commences its existence from the issuance of the certificate of incorporation, which one is the exception?

Group of answer choices

Non-stock corporation

Close corporation

Educational corporation

Religious corporation