ESSAY 1 :

1.The board of directors of XYZ Corporation resolved to issue shares of stocks worth P5M at P1.00 par to one of the stockholders of record in exchange for his land worth P3M. The subscription is deemed fully paid as the certificate of stock is issued to him by the corporate secretary. Are there provisions of law violated by the corporations' board of directors?

2.The Board of Director of ABC Corporation resolved to issue 10,000 shares of stock to the Legal Counsel of the corporation for his future legal services that may be rendered by the Legal Counsel. Are there provisions of law violated by the corporation's board of directors?

Essay 2 :

1.Are subscription contracts govern by law on contracts?

2.Are there distinctions between subscription contract and pre-incorporation subscriptions?

3.By way of review, is there a minimum amount to be subscribed and paid-up in the increase of capital stock?

4.Are foreign currencies allowed as consideration for the issuance of share of stock by a corporation.

5.What are the reasons why a promissory note cannot be a consideration for the issuance of share of stock?

6.What share of stock with certificate of stock mean?

7.What delinquent stock with watered stock mean?

8.Why the board of directors are liable for the issuance of watered stock?

9.What is the legal effect of the resolution of the board of directors declaring the share of stock delinquent?

10.What delinquent stock with treasury shares mean?

ESSAY 3:

1.What does beneficial ownership mean?

2. how beneficial ownership are determined based on the guidelines issued by SEC.

3.What is the rationale of SEC in requiring the reporting of beneficial owners of a corporation to the SEC?

4.Elaborate the legal effect on shareholder of the shares declared delinquent by the Board of Directors?

5.What does reasonable hours on business days mean when it comes to exercise of right to inspect corporate books.