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WorksheetsRCC - Title I (General Provisions)
Total questions: 27
Worksheet time: 10mins
What is BP 68?
Corporation Law
Corporation Code
Revised Corporation Code
The Revised Corporation Code
RA 12312
RA 11323
RA 11232
RA 12132
Approval Date of the Revised Corporation Code?
February 23, 2019
February 20, 2019
February 24, 2019
February 19, 2019
Effectivity Date of the Revised Corporation Code
February 23, 2019
February 20, 2019
February 24, 2019
February 19, 2019
Which is not an attribute of the Corporation?
has the right of succession
artificial being
created by operation of law
powers, attributes, and properties expressly authorized by law or incidental to its existence
created by mere consent
A corporation composes of more than one corporator.
(a)
Corporation that has not met the legal requirements of state incorporation statute.
(a)
A corporation organized for religious purposes.
(a)
A corporation organized for a charitable purpose.
(a)
A corporation organized for business or profit
(a)
A corporation whose shareholders are limited to a small group of persons, often family members.
(a)
continuity of existence
(a)
Stockholders are only liable up to the extent of their unpaid subscription.
Doctrine of Corporate Fiction
Doctrine of Piercing the Veil
Alter Ego Doctrine
Trust Fund Doctrine
Corporation is used for illegal purposes. Hence, separate and distinct personality is disregarded.
Doctrine of Corporate Fiction
Doctrine of Piercing the Veil
Alter Ego Doctrine
Trust Fund Doctrine
A corporation has a separate and distinct personality
Doctrine of Corporate Fiction
Doctrine of Equality of Shares
Alter Ego Doctrine
Doctrine of Limited Capacity
A corporation limited only to the powers expressly conferred upon it by law and its articles of incorporation, those implied from such powers expressly granted, and those that are incident to its existence.
Doctrine of Corporate Fiction
Doctrine of Equality of Shares
Alter Ego Doctrine
Doctrine of Limited Capacity
Test applied to whether remove the veil
Doctrine of Corporate Fiction
Doctrine of Equality of Shares
Alter Ego Doctrine
Instrumentality Rule
A separate charter or different charter by the congress. It creates laws for SSS, PAG-IBIG, and Sweepstakes.
Special Incorporation Law
General Incorporation Law
Specifically the persons who originally create the corporation and the persons who sign the articles of incorporation.
(a)
A person who buys bonds and stocks when they are first issued, and resells them to the investing public.
(a)
Corporators of a non-stock corporation
(a)
Tests under Nationality of Corporation
Business Domicile
Incorporation Test
Control Test
Grandfather Rule
Corporation Test
The total number of shares
(a)
Shares initially bought by shareholders
(a)
Shares approved by SEC
(a)
Shares initially bought by shareholders
(a)
A portion of shares that has been paid already.
(a)
