Question 16 1 pts A Group of individuals may validly incorporate a school with the name San Beda University- Limited, since the same is distinguishable from the already existing San Beda University. O True O False Question 17 1 pts The due incorporation of a De Facto Corporation may be directly inquired through the Solicitor General in a quo warranto proceeding. O True O False Question 18 1 pts All persons who assume to act as a corporation knowing it to be without authority to do so shall be liable as general partners for all debts, liabilities and damages incurred or arising as a result thereof. O True O FalseQuestion 19 1 pts A corporation does not formally organize and commence its business within five (5) years from the date of its incorporation, its certificate of incorporation shall be deemed revoked as of the day following the end of the five-year period. O True O False Question 20 1 pts If a corporation has commenced its business but subsequently becomes inoperative for a period of at least five (5) consecutive years, the Commission may, after due notice and hearing, place the corporation under delinquent status. O True O False