Beruflich Dokumente
Kultur Dokumente
B
A
A
B
D
J. O. A.
D , except:
D
J. O. A.
D
J. O. A.
f
B -
44. The following are corporate acts in which a stockholder of a corporation shall have the right to dissent and
demand payment Of the fair value of his shares of stock, except One-
a. In case of an amendment , to the articles of incorporation which has the effect of changing or
restricting the rights of any stockholder. z
b. In case of incurring, creating or increasing bonded debts.
- C. In case of merger or consolidation;
d. In case of sale, lease, mortgage or other disposal of all or any corporate assets.
INVALID
45. Which of the following statements is riot Correct- , ,
ITEM a. In case of merger or consolidation; ,
. b. In case of incurring, creating or increasing bonded,debts;
- C. In case of sale, lease, mortgage or other disposal of all, corporate assets; , .
d. In case' of an amendment of articles of incorporation which in effect of changing, restricting the
rights of any stockholder. .
D ,46. Subscriber Glow has a total 1,000 delinquent shares at P10 par value, to be sold at public auction sale. Total
amount recoverable includes: total amount of the delinquent shares P10,000 and total expenses of the sale P
5,000. Who will be declared the highest bidder among the following bidders in the public sale-
a. M, who is willing to pay the p15,000 at 920 shares;
b. A, who is willing to pay the ,PI 5,000 at 950 shares; , .
'N, who is willing to pay the P15,000 at 970 shares; . .
d. G, who is willing to pay the P15,000 at 900 shares. ,
C 47. The following are ways of enforcing payment of unpaid subscription, which is the exception -
-
-
- a. Filing a court action to recover unpaid subscription;, ,
b. Sale at ptiblic auction of delinquent stocks;,' , .
c. Denying delinquent stock cash dividend;
d. Denying delinquent stock the right to vote and voted upon. .,
B - 48. A corporate doctrine which the stockholders are not personally l'table for corporate debts-
a. Piercing the veil of corporate fiction; c. Trust fund doctrine; ,
d. , Corporate opportunity.
A
b. Separate legal entity;
49. A stockholder who does not approve the action taken by the Board of Directors in proposing to amend the
articles of incorporation is not allowed to withdraw from the corporation in one of the following instances-
- a. Creating incurring, increasing or decreasing any bond
a. bond ndebtedness;
b. Shortening,br prolonging corporate existence;
c. Investing of -corporate funds in another corpor a tion;
d. Merger or, consolidation.
C , 50. Which of the following statement is not correct- ,
a The sale of delinquent stock at public auction can be stopped if the board of directors stop the
,
,o.
BUSINESS LAW QUIZ on Corporation ,
43 30 \
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