Quiz 2 in Legal Aspects
Authored by Eureka Asaula-Canon
Specialty
University
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15 questions
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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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