TITLE I GENERAL PROVISIONS RA 11232

Question 1 of 19

1

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Section 2. Corporation Defined. - A corporation is an ( artificial being, divine being, malicious being )

Explanation

Question 2 of 19

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Section 2. Corporation Defined. - A corporation is an artificial being ❌

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created by operation of law

created by God

created by men

created by cats

Explanation

Question 3 of 19

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Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, ( having the right of succession, having diarrheas, having mental issues, having the right of voice )

Explanation

Question 4 of 19

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Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, having the right of succession and the ❌ expressly authorized by law or incidental to its existence.

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powers, attributes, and properties

power and glory are yours

chicken is sour

moment of truth

Explanation

Question 5 of 19

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Stock corporations are those which have ( capital stock divided into shares, body odor, capital and assets, sufficient capital and assets ) 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.

Explanation

Question 6 of 19

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Corporations created by special laws or charters shall be governed primarily by

Select one of the following:

the provisions of the special law or charter creating them or applicable to them
the provisions of the corporation code
the provisions of the articles of incorporation
the provisions of the law

Explanation

Question 7 of 19

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Corporators are those who

Select one of the following:

compose a corporation, whether as stockholders or shareholders in a stock corporation or as a members in a nonstock corporations.
wants to take over the world
have congregation of mutual interest
wants to get rich

Explanation

Question 8 of 19

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Incorporators are those stockholders or members mentioned in the articles of incorporation as

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originally forming and composing the corporation and who are signatories thereof.
originally original
originally forming part of the corporation
originally pinoy music

Explanation

Question 9 of 19

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Holders of nonvoting shares shall nevertheless be entitled to vote on the following matters;

Select one or more of the following:

Amendment of the articles of incorporation;
Adoption and amendment of bylaws;
Sale, lease, echange, mortgage, pledge, or other disposition of all or substantially all of the corporate property;
Incurring, creating, or increasing bonded indebtedness;
Increase or decrease of authorized capital stock;
Merger or consolidation of the corporation with another corporation or other corporations;
Investment of corporate funds in another corporation or business in accordance with this Code;
Dissolution of the corporation.
Failure to file an annual report or pay taxes
Fraud in procuring incorporation

Explanation

Question 10 of 19

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Except as provided in the immediately preceding paragraph, the vote required under this Code to approve a particular corporate act shall be deemed to refer only to ❌.

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stocks with voting rights

chicken stock

stocks with unli power

stocks with voting power

Explanation

Question 11 of 19

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The classification of shares, their corresponding rights, priviledges, restrictions, and their stated par value, if any, must be

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indicated in the articles of incorporations.
indicated in the by-laws
indicated in the corporate books
indicated in the receipt

Explanation

Question 12 of 19

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Each share ( shall be equal in all respects, shall be recorded in all respects, shall be stated in all respects, shall be recorded in the corporate books ) to every other share, except as otherwise provided in the articles of incorporation.

Explanation

Question 13 of 19

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Each share ( shall be equal in all respects, shall be recorded in all respects, shall be recorded in all aspects, shall be integrated in the books ) to every other share, except as otherwise provided in the articles of incorporation and in the certificate of stock.

Explanation

Question 14 of 19

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No share may be deprived of voting rights except those classified and issued as ___________ unless otherwise provided in this Code: Provided, That there shall be a class or series of shares with complete voting rights.

Select one or more of the following:

preferred shares
redeemable shares
equity shares
personal shares
corporate shares

Explanation

Question 15 of 19

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Preferred shares of stock issued by a corporation may be given preference in the

Select one of the following:

distribution of dividends and in the distribution of corporate assets in case of liquidation, or such other preferences
distribution of assets in case of liquidation
distribution of dividends in case there is retained earnings
distribution of capital assets in case of dissolution

Explanation

Question 16 of 19

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Preferred shares of stock may be issued only

Select one of the following:

with a stated par value.
with a stated value
with a statement of account
with a record of stated value

Explanation

Question 17 of 19

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May the BOD fix the terms and conditions of preferred shares of stock or any series thereof?

Select one of the following:

True
False

Explanation

Question 18 of 19

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Where the exclusive right to vote and be voted for in the election of directors is granted, it must be for a limited period not to exceed ( five (5) years, three (3) years, ten (10) years, seven (7) years, twenty (20) years ) from the date of incorporation

Explanation

Question 19 of 19

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T are shares of stock which have been issued and fully paid for, but subsequently r by the issuing corporation through p, r, d, or some other lawful means. Such shares may again be disposed of for a reasonable price fixed by the board of directors.

	Created by Hei Degger almost 3 years ago

An Act Providing for the Revised Corporation Code of the Philippines

TITLE I GENERAL PROVISIONS RA 11232

Question 1 of 19

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Section 2. Corporation Defined. - A corporation is an artificial being divine being malicious being( artificial being, divine being, malicious being )

Explanation

Question 2 of 19

Section 2. Corporation Defined. - A corporation is an artificial being ❌

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Explanation

Question 3 of 19

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Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, having the right of succession having diarrheas having mental issues having the right of voice( having the right of succession, having diarrheas, having mental issues, having the right of voice )

Explanation

Question 4 of 19

Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, having the right of succession and the ❌ expressly authorized by law or incidental to its existence.

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Explanation

Question 5 of 19

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Explanation

Question 6 of 19

Corporations created by special laws or charters shall be governed primarily by

Select one of the following:

Explanation

Question 7 of 19

Corporators are those who

Select one of the following:

Explanation

Question 8 of 19

Incorporators are those stockholders or members mentioned in the articles of incorporation as

Select one of the following:

Explanation

Question 9 of 19

Holders of nonvoting shares shall nevertheless be entitled to vote on the following matters;

Select one or more of the following:

Explanation

Question 10 of 19

Except as provided in the immediately preceding paragraph, the vote required under this Code to approve a particular corporate act shall be deemed to refer only to ❌.

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Explanation

Question 11 of 19

The classification of shares, their corresponding rights, priviledges, restrictions, and their stated par value, if any, must be

Select one of the following:

Explanation

Question 12 of 19

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Explanation

Question 13 of 19

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Explanation

Question 14 of 19

No share may be deprived of voting rights except those classified and issued as ___________ unless otherwise provided in this Code: Provided, That there shall be a class or series of shares with complete voting rights.

Select one or more of the following:

Explanation

Question 15 of 19

Preferred shares of stock issued by a corporation may be given preference in the

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Explanation

Question 16 of 19

Preferred shares of stock may be issued only

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Explanation

Question 17 of 19

May the BOD fix the terms and conditions of preferred shares of stock or any series thereof?

Select one of the following:

Explanation

Question 18 of 19

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Explanation

Question 19 of 19

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T are shares of stock which have been issued and fully paid for, but subsequently r by the issuing corporation through p, r, d, or some other lawful means. Such shares may again be disposed of for a reasonable price fixed by the board of directors.

Explanation

Section 2. Corporation Defined. - A corporation is an ( artificial being, divine being, malicious being )

Section 2. Corporation Defined. - A corporation is an artificial being created by operation of law, ( having the right of succession, having diarrheas, having mental issues, having the right of voice )