An Act Providing for the Revised Corporation Code of the Philippines
Corpo Law

Quiz
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Professional Development
•
University
•
Medium
Rico Acopan
Used 12+ times
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14 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
20 sec • 2 pts
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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