The liability of a corporation is not the liability of the stockholders, except in ONE of the following: * () There is a conflict of interest on the part of the stockholder The stockholder dies so the corporation must be dissolved immediately O) The stockholder has not yet paid his subscription () The stockholder wants to exercise his right to dissent from the decision of the corporationBUKO SHACK is the name of a corporation in Mindanao. Later on, a corporation engaged in the business of coconut in Metro Manila wants to register its name "Buko Shack". Will the registration be granted? * Yes. The name Buko Shack is not exclusive. O Yes. The corporations are located in different parts of the country. () No. Buko Shack cannot be registered because it is too general. () No. There is a priority in right to avoid confusion on the part of consumers.Statement 1: An independent director can only be voted by stockholders who are present in the meeting scheduled for the election. Statement 2: The election of an independent director is based only on the rules and regulations provided in the articles of incorporation of a corporation. Which of these statements is correct? * O Only Statement 2 O None of the above Statement 1 and Statement 2 O Only Statement 1What type of corporation is defined as group of persons who assume to act as corporation knowing it to be without authority to do so?* none of the above O de jure corporation O corporation by estoppel O eleemosynary corporationStatement 1: A President of a corporation must own at least 1 share in the corporation. Statement 2: A Treasurer of a corporation must be a resident of the Philippines to ensure faster access to funds. Which of these statements is correct? * O None of the above O Only Statement 2 O Only Statement 1 Statement 1 and Statement 2