Good Day Tutor!

Can you help me with my assignment about Business Laws and Regulation?

The answer can be short but complete. Thank you in advance.

1. "X" Corporation shortened its corporate life by amending its Articles of Incorporation. It has no debts but owns a prime property located in Quezon City. How would the said property be liquidated among the five (5) stockholders of said corporation?

1. The members of ABC Corporation, a non-stock corporation, contributed an amount for a corporate activity. However, the total amount that was contributed was more than sufficient for the activity; hence, a balance of P500,000 was left with the corporation. There is a proposal to offset the unused contribution against the balance of the receivables from the members. Is the proposal in accordance with law?