1. What is the quorum required in all elections of directors or trustees?
2. What is the term of office of directors?
3. How is the Board organized?
4. What is the vote required for any decision of the Board?
5. How are directors or trustees removed?
6. Who are considered interlocking directors?
7. How are corporate powers classified?
8. What are the express powers of the corporation?
9. May the corporate term be reduced or extended?
10. What requirements must be met for the increase in the capital stock?
11. What is meant by the stockholder's pre-emptive right?
12. Define dividend.
13. Who has the power to declare dividends in a corporation?
14. May delinquent stocks earn dividends?
15. May stock corporation retain surplus profits without declaring then into dividends?
16. Can dividends be declared out of capital? What are the exceptions?
17. What is a wasting asset corporation?
18. May a corporation be managed by another corporation?
19. What is an ultra vires act?
20. What is an intra-vires act?
21. What are the requisites of a valid by-laws?
22. How does one become a stockholder?
23. Are unpaid subscriptions entitled to vote in a stockholders' meeting?
24. Can unpaid subscription earn dividend?
25. Does unpaid subscription earn interest?