I only need the answers to this or the letters. the law used here is the law in the philippines.

1. Under this theory, the nationality of corporation is that of the country whose law it was formed

A. Domicile test

B. Incorporation test

C. Grandfather rule

D. Control test

2. Corporations are distinguished from partnerships.

A. The liability extends up to private properties

B. Created by agreement

C. Interest or ownership is transferable only if the owners consent

D. No dissolution in case of death, withdrawal or resignation of the owner.

3. The power to deny pre-emptive rights to stockholders is:

A. incidental power

B. express power

C. implied power

D. discretionary power

4. They are issued to those who helped in incorporating the corporation or for services rendered in launching the welfare of the same.

A. preferred shares

B. stock in escrow

C. founders shares

D. promotion stock

5. A corporation created in strict compliance with all the legal requirements and whose right to exist as a corporation cannot be successfully attacked in a direct proceeding for that purpose by the State is*

A. De facto corporation

B. Corporation by prescription

C. Corporations by estoppels

D. De jure corporation

6. One established for charitable purposes*

A. Ecclesiastical corporation

B. Lay corporation

C. Corporation sole

D. Eleemosynary corporation

7. A distribution by a corporation is:

A. stock dividend

B. sale of capital assets

C. sale of the treasury stock

D. property dividend

8. The nationanlity of the corporation determined by the nationality of the stockholders in control of the same is called:

A. domicile test

B. incoporation test

C. management test

D. control test

9. The corporation has a nine member board .Two of the members have sold their shares while two others are abroad. To have a quorum .The number required is:

A. seven

B. five

C. three

D. four

10. This is a public instrument giving authority to vote for stockholder

A. proxy

B. voting trust agreement

C. stock certificate

D. voting trust certificate

11. A gratuitous reissue of treasury shares will result in:

A. capital surplus

B. stock dividend

C. watered stock

D. property dividend

12. Three of the following are not authorized to issue no par value shares. Which one of the exception?*

A. industrial companies

B. insurance companies

C. trust companies

D. public utilities

13. These are the persons who sign the articles of incorporation and therefore must be subscribers of shares

A. incorporator's

B. directors'

C. stockholders

D. corporate officers

14. One incorporated under the laws of the Philippines

A. Domestic corporation

B. Foreign corporation

C. De facto corporation

D. Close corporation

15. Three of the following are attributes of a corporation. Which is the exception?

A. created by agreement of the incorporators

B. an artificial being

C. has a right of succession

D. has powers, attributes and property expressly authorized by law or incident to its existence

16. Majority of the following must residents of the Philippines except:*

A. members of the trustees'

B. officers

C. incorporators

D. members of the board of director's

17. One of the following does not have voting rights:*

A. common shares

B. treasury shares

C. preferred shares

D. redeemable shares

18. This is the written acknowledgement of the interest of the stockholder in the corporation

A. proxy

B. share of stock

C. voting trust agreement

D. certificate of stock

19. A director of a corporation may be removed from the office by a vote of the stockholders holding representing:

A. majority of the outstanding capital stock

B. 2/3 of the stockholder

C. 2/3 o the outstanding capital stock

D. majority of the stockholder

20. They provide and regulate the internal matters of the corporation:

A. articles of incorporation

B. by-laws of the corporation

C. certificate of incorporation

D. certificate of filling of by laws