TRUE OR FALSE

1. A corporation is created by agreement of the incorporators by and through their execution of the articles of incorporation.

2. The congress can enact a law to create a private corporation

3. The Congress shall not, except by special law, provide for the formation, organization, or regulation of private corporation

4 corporation organized as a lending investor company cannot engage in pawn brokering

5 In partnership, there should be at least two partners while in corporation there should at least five incorporators