Statement 1: The member, for valid reason, may withdraw his membership from the cooperative by giving sixty (60) day notice to the board of directors. Statement 2: In the case of death or insanity of an agrarian reform beneficiary-member of a cooperative, the next-of-kin may assume the duties and responsibilities of the original member. Which of these statements is correct? * C.. Statement 1 and Statement 2 O Only Statement 2 O Only Statement 1 O None of the aboveStatement 1: A corporation may be created for any purpose including the smuggling of illegal goods. Statement 2: A stockholder must own at least one share of the capital stock. Which of these statements is correct? * O Only Statement 2 O Only Statement 1 O None of the above ) Statement 1 and Statement 2. Statement 1: A cooperative is formed by 15 or more natural persons and residing anywhere in the Philippines. Statement 2: All prospective members must complete a pre-membership education seminar. Which of these statements is correct? * O Only Statement 2 O Only Statement 1 Statement 1 and Statement 2 O None of the above). J and K were designated as managing partners. The partnership has two principal offices, one in Metro Manila and in Baguio City. What is the extent of the functions of J and K? *[T O J and K must always have no conflict in every decision made. O J and K must always ask permission from the other partners in creating decisions for both Metro Manila and Baguio City offices J and K must always be together when they make operational decisions for both Metro Manila and Baguio O City O J and K can make decisions without asking the other so that there will be faster transactions in both Metro Manila and Baguio City offices.Statement 1: For an incoming partner, he is liable to the antecedent partnership debts up to the extent of his personal contributions. After becoming a partner, he is now personally liable to for debts and obligations incurred by the partnership. Statement 2: For an outgoing partner, he is liable to third person who had no notice that he is no longer part of the partnership. Which of these statements is correct? * Statement 1 and Statement 2 O Only Statement 2 O Only Statement 1 O None of the above