Question 11 1 pts Each incorporator of a stock corporation must own or be a subscriber to at least one (1) share of the capital stock. O True O False Question 12 1 pts A corporation shall have perpetual existence unless its articles of incorporation provides otherwise. O True O False Question 13 1 pts A corporate term for a specific period may be extended or shortened by amending the articles of incorporation: Provided, That no extension may be made earlier than Five (5) years prior to the original or subsequent expiry date(s) unless there are justifiable reasons for an earlier extension as may be determined by the Commission. O True O FalseQuestion 14 1 pts Stock corporations shall have a minimum capital stock of P5,000, except as otherwise specifically provided by special law. O True O False Question 15 1 pts Articles of incorporation may be amended by a majority vote of the board of directors or trustees and the vote or written assent of the stockholders representing at least two-thirds (2/3) of the outstanding capital stock. O True False