Question 46 1 pts A Corporation sole is one organized for administering and managing, as trustee, the affairs, property.r and temporalities of any religious denomination, sect or church, a corporation sole mayr be formed by the chief archbishop, bishop, priest, minister, rabbi, or other presiding elder of such religious denomination, sect, or church. 0 True 0 False Question 47 1 pts A One Person Corporation is not required to submit and le corporate by-laws. 0 True 0 False Question 48 1 pts All types of Trade or business undertaking may be organized as One Person Corporation 0 True 0 False Question 49 1 pts A foreign corporation is one formed, organized or existing under Philippine Law or other foreign laws whose laws allow Filipino citizens and corporations to do business in its own country or State. O True O False Question 50 1 pts A resident agent of a foreign corporation may be either an individual residing in the Philippines or a domestic corporation lawfully transacting business in the Philippines. O True O False