TOPIC COVERAGE:

General Provisions of Corporation Philippines

PROBLEMS:

1. Explain the following principles and doctrines. Support your answer with a provision (section).

a. Doctrine of piercing the veil of corporate fiction. Enumerate and briefly discuss the exceptions? (5 points)

b. Concept of Perpetual Succession. Are there exceptions? If so, cite them. (5 points)

c. Compare a de jure and a de facto corporation. Then, give each an example. (5 points)

d. Corporation by estoppel. Give an example. (5 points)

e. What would happen if the corporation fails to formally organize and commence its work after its incorporation? What is a section of the Revised Corporation Code? (5 points)

f. What is a "cumulative preferred share"? Then, explain by giving an example. (5 points)