Quiz 2 in Legal Aspects

Quiz 2 in Legal Aspects

University

15 Qs

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Quiz 2 in Legal Aspects

Quiz 2 in Legal Aspects

Assessment

Quiz

Specialty

University

Medium

Created by

Eureka Asaula-Canon

Used 25+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corporators are the total number of persons who compose the corporation after its formation which include the incorporators, the stockholders, &/or members.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

This is the principle in Partnership wherein a person has the right to choose the person or persons he wants to become his partners.

Succession

Delectus personae

Comity

Limited liability

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

ABC hotel, a duly registered Hotel in Matabungkay Batangas and has a 30% authorized capital stock and has been profiting for 5 years already is considered as a non-stock corporation.

True

False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

It is an artificial being created by operation of law, having the right of succession & the powers, attributes & properties expressly authorized by law or incident to its existence.

Partnership

Business

Corporation

Sole Proprietorship

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A sole corporation is a family owned and managed corporation.

True

False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A family owned resort business duly registered with the Securities and Exchange Commission is a corporation sole.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Corporation has no right of succession.

True

False

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