TRUE OR FALSE

1. Unless the partnership is registered with the SEC, the partnership cannot obtain the requisite license and permit to conduct its business.

2 Private corporation commences to have corporate existence and juridial personality and is deemed incorporated from the date the SEC issues a Certificate of Incorporatio under its official seal

3 A corporation may enter into joint venture with another corporation or partnerhsip but not with a sole proprietoR

4. corporators are co-owners or tenants in common of corporate properties

5 A corporation can sue to recover real property being occupied by its former president (who is concurrently a significant stockholder) even though the corporation has previously allowed him to enjoy possession of the property.