WorksheetsRCC
Total questions: 10
Worksheet time: 3mins
A corporation is an artificial being created by operation of law,
having the right of succession and the powers,
attributes and properties expressly authorized by law
or (a) to its existence.
Term of elected trustees
1 year
2 years
3 years
answer not provided
Required vote for amendment of
stock corporation by-laws
majority of the board of directors
at least 2/3 of the board of directors
stockholders representing 2/3 of
the outstanding capital stock
stockholders representing at least 2/3 of
the outstanding capital stock
The appraisal right is exercised in the following instances EXCEPT:
In case of sale of substantially all of
the corporate property
In case of consolidation
In case of amendment of the Articles
with respect to the corporate name
None of the above
The Revised Corporation Code of the Philippines was enacted
on February (a) , 2019.
Right/s of a holder of delinquent shares
None
Right to vote
Right to be voted for
Right to dividends
A compliance officer is:
a corporate officer under the by-laws
required in corporations vested with public interest
a corporate officer under the law
required in all kinds of corporations
Regular stockholders' meetings are
held annually on:
April
any date of April of every year
any date after April 15 of every year
on a date fixed in the by-laws
May form a One Person Corporation
Estate
Trust
Natural person
Licensed professionals
Partnership
A single stockholder in a One Person Corporation may not be appointed as the (a) .
