subject: business law

Situational questions. Each answer must be supported by a legal basis.

1. In what way corporation, partnership, and cooperative differ and what are their similarities.

2. Can Mr. A alone form a corporation? a. Will your answer be the same if A is a corporation? 3. X Corporation enters into an agreement with ABC Partnership and Mr. Z wherein they agreed to form "MegaConstruction Conglomerate Corporation" or would be known as 'MC3'. If your legal opinion was asked on this matter, what will you advise them? 4. Explain the following: a. Express, implied, and necessary powers of the corporation in relation to the ultra vires act of the corporation. b. De facto corporation c. De jure corporation d. Piercing the veil of corporate entity 5. What are the parameters for the corporate name to be registered?