Please use the Philippine Corporation Code

BC Corporation and ABAKADA Inc. are sister companies. The officers of ABC Corporation are also the same officers of ABAKADA Inc. ABC Corporation has an overdue loan with a bank but has no assets. ABAKADA Inc. owns plenty of real properties.

Can the bank sue ABAKADA Inc. to pay for the debt of ABC? If yes, explain your answer. If no, explain why not.

Frederick, a director in the corporation, is recorded in the books of said corporation as the owner of one share of stock. Frederick admits, however, that the real owner of the share of stock is his brother Gabriel.

Is Frederick qualified to be a director of the corporation? Explain