Professional Documents
Culture Documents
Sec. 2. Is about?
a. Corporation defined
b. Corporation meaning
c. Corporation revealed
d. Partnership define
Sec. 3. Is about?
Sec. 4. Is about?
Sec. 5. Is about
Sec. 6. Is about
a. Classification of stocks
b. Classification of shares
c. Classification of corporators
d. Classification of steaks
Sec. 7. Is about
a. Bautista’s shares
b. Batista’s shares
c. Founder’s shares
d. Corporators’ shares
Sec. 8. Is about
Sec. 9. Is about
a. Corporate term
b. Corporate length
c. Corporate period
d. Corporate’s life story
Sec. 13. Amount of capital stock to be subscribed and paid for the purposes of incorporation is at least
a. twenty-five percent (25%) of the authorized capital stock as stated in the articles of
incorporation must be subscribed at the time of incorporation, and at least twenty-five (25%)
per cent of the total subscription must be paid upon subscription, the balance to be payable on
a date or dates fixed in the contract of subscription without need of call, or in the absence of a
fixed date or dates, upon call for payment by the board of directors: Provided, however, That in
no case shall the paid-up capital be less than five Thousand (P5,000.00) pesos.
b. five percent (5%) of the authorized capital stock as stated in the articles of incorporation must
be subscribed at the time of incorporation, and at least -five (5%) per cent of the total
subscription must be paid upon subscription, the balance to be payable on a date or dates fixed
in the contract of subscription without need of call, or in the absence of a fixed date or dates,
upon call for payment by the board of directors: Provided, however, That in no case shall the
paid-up capital be less than five Thousand (P5,000.00) pesos
c. twenty percent (20%) of the authorized capital stock as stated in the articles of incorporation
must be subscribed at the time of incorporation, and at least twenty (20%) per cent of the total
subscription must be paid upon subscription, the balance to be payable on a date or dates fixed
in the contract of subscription without need of call, or in the absence of a fixed date or dates,
upon call for payment by the board of directors: Provided, however, That in no case shall the
paid-up capital be less than five Thousand (P5,000.00) pesos
d. None of the above
c. The specific purpose or purposes for which the corporation is being incorporated. Where a
corporation has more than one stated purpose, the articles of incorporation shall state which is the
primary purpose and which is/are he secondary purpose or purposes: Provided, That a non-stock
corporation may not include a purpose which would change or contradict its nature as such;
b. That the articles of incorporation or any amendment thereto is not substantially in accordance with
the form prescribed herein;
c. That the purpose or purposes of the corporation are patently unconstitutional, illegal, immoral, or
contrary to government rules and regulations;
a. De facto corporations
b. Corporation by estoppel
c. De jure corporations
d. Non stock corporations
a. De facto corporations
b. Corporation by estoppel
c. De jure corporations
d. Non stock corporations
Sec. 22. Is about
Sec. 24 is about
Sec. 25 is about
Sec. 26 is about
Sec. 27 is about
Sec. 30 is about
a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors
Sec. 31 is about
a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors
Sec. 32 is about
a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors
Sec. 33 is about
a. Compensation of directors
b. Liability of directors, trustees or officers
c. Dealings of directors, trustees or officers with the corporation
d. Contracts between corporations with interlocking directors
a. Disloyalty of a director
b. Loyalty of a director
c. Disloyalty of the director
d. Infidelity of a director
Sec. 35. Is about
a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness
Sec. 36 is about
a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness
a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness
a. Executive committee
b. Corporate powers and capacity
c. Power to extend or shorten corporate term
d. Power to increase or decrease capital stock; incur, create or increase bonded indebtedness
Sec. 41 is about
Sec. 43 is about
Sec. 44 is about
Sec. 46 is about
Sec. 47 is about
a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members
Sec. 48 is about
a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members
Sec. 49. is about
a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members
Sec. 50 is about
a. Contents of by-laws
b. Amendments to by-laws
c. Kinds of meetings
d. Regular and special meetings of stockholders or members
1a 21b
2a 22a
3c 23a
4b 24a
5c 25a
6b 26b
7c 27a
8c 28a
9b 29a
10a 30a
11a 31b
12a 32c
13a 33d
14d 34a
15a 35a
16a 36b
17d 37c
18c 38d
19 a 39a
20a 40b
41c
42d
43a
44b
45c
46d
47a
48b
49c
50d