Corpo Law

Corpo Law

University

14 Qs

quiz-placeholder

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Corpo Law

Corpo Law

Assessment

Quiz

Professional Development

University

Medium

Created by

Rico Acopan

Used 12+ times

FREE Resource

14 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

An Act Providing for the Revised Corporation Code of the Philippines

Republic Act 11143

Republic Act 11232

Republic Act 11223

Republic Act 11214

2.

FILL IN THE BLANK QUESTION

30 sec • 2 pts

Defined as an artificial being created by operation of law, having the right of succession and the powers, attributes, and properties expressly authorized by law or incidental to its existence.

3.

MULTIPLE CHOICE QUESTION

20 sec • 2 pts

A type of corporation which have capital stock divided into shares and are authorized to distribute to the holders of such shares, dividends, or allotments of the surplus profits on the basis of the shares held.

Sole Corporation

Stock Corporation

Non-Stock Corporation

Capital Corporation

4.

MULTIPLE CHOICE QUESTION

30 sec • 2 pts

Corporations created by special laws or charters shall NOT be governed primarily by the provisions of the special law or charter creating them or applicable to them, NOT supplemented by the provisions of the Revised Corporation Code, insofar as they are applicable.

True

False

5.

MULTIPLE CHOICE QUESTION

45 sec • 5 pts

STATEMENT 1: Incorporators are those who compose a corporation, whether as stockholders or shareholders in a stock corporation or as a members in a nonstock corporations.

STATEMENT 2: Corporators are those stockholders or members mentioned in the articles of incorporation as originally forming and composing the corporation and who are signatories thereof

FALSE, TRUE

TRUE, FALSE

FALSE, FALSE

TRUE, TRUE

6.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

STATEMENT 1: The classification of shares, their corresponding rights, privileges, restrictions, and their stated par value, if any, must be indicated in the articles of incorporations.

STATEMENT 2: The share stock corporations may be divided into classes or series of shares, or both.

TRUE, FALSE

TRUE, TRUE

FALSE, FALSE

FALSE, TRUE

7.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

A kind of stock issued by a corporation may be given preference in the distribution of dividends and in the distribution of corporate assets in case of liquidation, or such other preferences.

Voting Stock

Preferred Stock

Thumb Stock

Common Stock

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