Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Under the Revised Corporation Code, the addition of which will make the corporation distinguishable? If the name of the corporation contains the word corporation, company,

Under the Revised Corporation Code, the addition of which will make the corporation distinguishable?

If the name of the corporation contains the word "corporation", "company", "incorporated", "limited", or an abbreviation of one of such words

If the name of the corporation contains punctuations, articles, conjunctions, contractions, prepositions, abbreviations, different tenses, spacing, or number of the same word or phrase.C. Either A or B

D. Neither A nor B

8. How may the right to exercise corporate powers or the corporate existence of a De Facto Corporation be attacked?

Directly only by state through Solicitor General in Quo Warranto Proceedings

Only directly by creditors in a civil case

Only directly by Fiscal in a criminal case

Either directly or collaterally in a private suit to which such corporation may be a party

9. What is the policy-making or governing body of a private corporation?

General partners

Board of Directors/Trustees

General manager

Council of elders

10. Which of the following statements concerning number of directors/trustees of a corporation is false?A. In a stock corporation, it must not be less than five nor more than fifteen.

In ordinary non-stock corporation, the board of trustees must be at least 5 but may be more than 15 in number.

Trustees of non-stock educational corporation shall be 5 or 10 or 15.

In a corporation sole, the number of directors is at least 5.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Law

Authors: John Stanton, Craig Prescott

3rd Edition

0192857460, 978-0192857460

More Books

Students explore these related Law questions

Question

How can AI facilitate idea generation?

Answered: 3 weeks ago