Answered step by step
Verified Expert Solution
Question
1 Approved Answer
What is defined as a cooperative the members of which are registered cooperatives and/ or federations organized purposely to represent the interest and welfare of
What is defined as a cooperative the members of which are registered cooperatives and/ or federations organized purposely to represent the interest and welfare of all types of cooperatives at the provincial, city, regional, and national levels? * O Cooperative union O Cooperative federation O Marketing Cooperative O) Advocacy CooperativeWhat document is referred to as containing the rules and regulations or private laws enacted by the corporation to regulate, govern, and control of its own actions, affairs and concerns and its stockholders or members and directors and officers with relation thereto and among themselves in their relation to it? * ( O Stockholders' Contract O Articles of incorporation O B. By-laws O Stock CertificateStatement 1: The board of directors may extend the existence of a corporation for another 10 years. Statement 2: A corporation may exist forever. Which of these statements is correct? * Only Statement 2 Statement 1 and Statement 2 None of the above O Only Statement 1G misrepresented that she was the managing director of FGH Corporation. She was able to collect a total of P1Million from interested clients of FGH Corporation. When the clients found out that G was lying, they filed a case against her for collection of sum of money. G alleged that she cannot be compelled to return the money because she is not part of the corporation. She further stated that it should be FGH Corporation that must be held liable because she did all those acts for them. If you were to rule on this case, who among the parties is correct?* * - O) The clients are correct because they cannot sue a corporation O G is correct because the clients should have been more careful in investing their money () The clients are correct because G cannot use the defense of lack of corporate personality O) G is correct because she was only doing all those acts for the benefit of the corporationAll the contributions made by the stockholders in a corporation are reserved for the payment of the creditors other than the stockholders. What principle is this? * O Entity principle O Grandfather principle O Trust fund doctrine Right of appraisal
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started