Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please help. please provide the specific law and article number governing your answers. I will really give a positive rating to those who can help

image text in transcribed

Please help. please provide the specific law and article number governing your answers. I will really give a positive rating to those who can help me. Thank youuu and God Bless us all.

image text in transcribed
Explain or state briefly the rule or reason for your answer. Quote the Article Number to support your answer. 1. Congress passed a proposed law creating a corporation to engage in agricultural activities, Is the law valid? 2. X Inc and Y sisters' companies with the set of officers. May be held liable for the obligations of Y. 3. If the book value of the share of stock in a corporation P100, is this amount also its par value and market value. 4. The articles of incorporation provides that particular class of shares shall be deprived of the right vote. Nevertheless, may they be still entitled to vote? 5. A corporation issued redeemable shares in favor $ who informs the corporation of his option to redeem same as provided in the articles of incorporation. Has C corporate creditor the right to object? 6. A corporation voted its treasury shares and received dividends thereon. Can the corporation do these? 7. The treasury shares were acquired by the corporation at P100 per share. May the corporation sell them at P50.00 per share? 8. A stockholder dissatisfied with the manager of the corporation, surrenders his certificate of stock a demand the return of the subscription price paid by Can he rightfully do this

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Criminal Law

Authors: William Wilson

7th Edition

1292286741, 978-1292286747

More Books

Students also viewed these Law questions

Question

Why are effective followers as important as effective leaders?

Answered: 1 week ago

Question

3. What is my goal?

Answered: 1 week ago

Question

2. I try to be as logical as possible

Answered: 1 week ago