REVISED CORPORATION LAW

1.) Corporation which is public in character but private in purpose:

A.) Corporation

B.) De facto corporation

C.) Non-stock corporation

D.) GOCC

E.) Close corporation

2.) Shares which have been lawfully issued by the corporation and fully paid for and later reacquired it either by purchase, redemption, donation, forfeiture or other lawful means:

A.) Treasury shares

B.) Redeemable shares

C.) Delinquent shares

D.) Stock options

3.) The following are causes for suspension or revocation of certificate of registration of a corporation, EXCEPT:

A.) fraud in procuring certificate of registration

B.) continuous in-operation for 2 years

C.) serious misrepresentation to the damage of the general public

D.) defiance of any lawful order of the SEC

4.) Which among the following is not a valid issue value of a no par value share?

A.) Php 0.50

B.) Php 5.00

C.) Php 50.00

D.) Php 500.00

5.) A corporation has a juridical personality separate and distinct from that of its stockholders or members:

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.)Trust Fund Doctrine

E.) Dummy Doctrine

6.) This doctrine allows the State to disregard the separate juridical personality of the corporation where the entity is formed or used for non-legitimate purposes.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

7.) The capital of the corporation must not be dissipated for the purpose of payment of corporate obligations and liabilities.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

8.) Where the Articles of Incorporation do not provide for any distinction of the shares of stock, all shares issued by the corporation are presumed to be equal and enjoy the same rights and privileges and are also subject to the same liabilities.

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

9.) Where the corporation is controlled by aliens, this is in violation of the law as where it was organized under Philippine laws

A.) Doctrine of Corporate Entity

B.) Doctrine of Equality of Shares

C.) Doctrine of Piercing the Veil of Corporate Fiction

D.) Trust Fund Doctrine

E.) Dummy Doctrine

10.) The following are qualifications of incorporators except:

A.) Natural or artificial persons

B.) Must own at least one share of stock, if stock corporation

C.) Must be of legal age, if natural person

D.) Majority must be citizens of the Philippines

E.) None of the above

11.) Persons who, acting alone or with others, take initiative in founding and organizing the business or enterprise of the issuer and receive consideration therefore

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

12.) Those mentioned in the article of Incorporation as originally forming and composing the corporation

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

13.) Comprise the corporation whether as stockholders or members:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

14.) Owners of shares in a corporation which has a capital stock:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

15.Corporators of a corporation which has no capital stock:

A.) Incorporators

B.) Stock/Shareholders

C.) Corporators

D.) Promoters

E.) Members

2. The notion that, under competition, decisions motivated by self-interest provide what consumers want at low prices, is known as the "invisible hand" O government regulation of markets ( the "visible hand" of corporate management capitalismMoving to another question will save this response. estion 4 temperature is maintained at 34.5 C7 A sample of a gas occupies a volume of 185.5 ml at 20.2* C and 0.945 atm. What pressure would it exert if it Is transferred to a gas but with a client pr 205 at hata thy O A. 549 torr O B. 547 tor O c. 1.39 torr O D. 1956 torr O E. 891 torr In Moving to another question will save this response.The two most common forms of market regulation are price ceilings and price floors. 1. A price celling is when the government promulgates a regulation or law that prohibits charging more than a specified price. 2. A price floor is when the government promulgates a regulation or law that prohibits charging less than a specified price. The most common mistake made when analyzing the effects of price ceilings and price floors is to ignore that it is not in people's self interest to obey the rule or law. In fact, it is profitable and the individual can make himself better off by ignoring the price ceiling or price floor and transacting above or below the regulated price. Every price ceiling and price floor initiates a cycle of regulation, resistance, more regulation, better resistance etc. the end result of which is the effect of the price ceiling or price floor is radically different than what the government intended when it initially promulgated the regulation or law. When a price ceiling or price floor is effectively enforced it creates an allocation problem. At the regulated price, there are either more people trying to buy the good at the regulated price than are offered for sale (price ceiling) or there are more people willing to sell at the regulated price than there are buyers (price floor). Any complete analysis of a price ceiling or floor must analyze how the allocation problem is solved, i.e. who ends up being able to buy or sell the good at the regulated price. When the price ceiling or floor is effectively enforced some form of non-price rationing must take place. The government usually tries through additional regulation or laws to determine who ends up with the good because choosing who ends up with the good redistributes wealth making some people better off and others worse off. The cycle of regulation/resistance, however, means that the people who end up with the good are frequently not who the government intended.Question 19 1?. An element to establish a negligent tort is that the defendant breached a duty of care owed to the injured person. If} True '1?) False Question 20 20. Inducing someone to breach {or break} a contract with another partyr is legally:r permissible if done in the name of competition. C) True CI False Question 3 Which ONE of the following would shift OUT the supply curve? Ma. An increase in price \"W with increase in input costs -"- :1 A decrease in price -'_'.d.An expected global expansion \"is An increase in cost of government regulations Question 4 Which solution is least likely to achieve the socially optimal outcome with a positive production externality, where the benefit is 10 euros? CT-a. Give producer 10 euro subsidy if} b-Give consumer 10 euro subsidy {ii-c. Establish property rights and costless transaction so private solution can occur -if?-d.Give 5 euro subsidy to producer and 5 euro subsidy to consumer if?!\" All the other answers are equally likely to achieve the socially optimal outcome