For the existence of a corporation can be extended, what vote is required? * O) Majority vote of the outstanding capital stock and majority vote of the board of director Only the board of directors may vote. The majority vote of the board wins. Approved by the majority vote of the board of director ratified by 2/3 of the outstanding capital stock O Majority vote of the outstanding capital stockA group of college friends wants to start their own restaurant. One of them pledged that she will contribute the place for the restaurant, the other friend promised to contribute her skills in cooking to create the perfect menu, and the other friend ensured that he will give P1Million as a start-up capital. What do you think is the best business organization for this group of college friends? * Joint venture O Corporation O Partnership O CooperativeWhat is the required vote if the cooperative wants to merge with another cooperative? O) 2/3 votes of all members with voting rights () 3/4 votes of all members with voting rights Majority of all members with voting rights Majority of all membersA cooperative filed for its dissolution. It recognized several obligations from third persons. What is the extent of liability of the members? * O Limited to their contracts of membership O Limited to the status of their business governed by the cooperative O Limited to their position in the cooperative O Limited to their contributions to the cooperativeStatement 1: All stockholders are part of the corporation, and they are directors of the same. Statement 2: All persons who subscribed are presumed that they accepted the terms and conditions of the corporation. Which of these statements is correct? * Only Statement 1 O Only Statement 2 O None of the above Statement 1 and Statement 2