Title 1

Question 1

When did the RCC took effect?

Question 2

RCC is also known as RA?

Question 3

What are the characteristics of a corporation?

Question 4

Collateral Attack vs a Quo Warranto Proceeding

Question 5

What is sociedad anónima?

Question 6

What is a GOCC?

Question 7

What are the requisites to be considered a stock corporation?

Question 8

What are the requisites to be a nonstock corporation?

Question 9

Differentiate OPC from Sole Proprietorship based on:
Registration
Liability

Question 10

What is piercing the veil of corporation fiction?

Question 11

Who has the burden of proving the presence of the factors of the need for piercing the veil?

Question 12

When can piercing the veil of corporate fiction be applied? (3)

Question 13

What are the elements of piercing the veil of corporate fiction? (3)

Question 14

What is the three-pronged test of the doctrine of piercing the veil?

Question 15

Ordinary vs Reverse piercing of the veil

Question 16

What kind of control is described in piercing the veil?

Question 17

What is the purpose of a nonstock corporation?

Answer 17

public good

Question 18

Can a corporation who has stocks but does not distribute dividends be listed as a stock corporation?

Answer 18

p. 205

Question 19

What are the 3 tests of nationality of a corporation?

Question 20

Read computation on grandfather test

Question 21

What is a quasi public corporation?

Question 22

De jure vs De facto corporation vs Corporation by estoppel vs Corporation be prescription

Question 23

Who can make the inquiry in a de facto corporation where?

Answer 23

Solicitor General in a quo warranto proceeding

Question 24

Open corporation vs Close corporation

Question 25

Parent vs Subsidiary corporation

Question 26

Corporation aggregare vs Corporation sole

Question 27

Ecclesiastical vs Lay corporation

Question 28

Eleemosynary vs Civl corporation

Question 29

What is the general law where a corporation may be formed?

Question 30

Read components of a corporation

Question 31

How many may organize themselves to form a corporation?

Answer 31

two or more but not more than 15

Question 32

What does the doctrine of equality of shares say?

Question 33

Which shares may be deprived of voting rights?

Answer 33

Preferred and redeemable

Question 34

What are the two types of preferred shares?

Question 35

Can preferred shares have voting rights?

Answer 35

p. 215

Question 36

What are the instances when holders of non-voting shares are allowed to vote?

Answer 36

AASIIMID

Question 37

Why is having par value important?

Answer 37

p. 216

Question 38

For how much at minimum can no par shares be sold?

Answer 38

5

Question 39

Can you issue no par shares as preferred shares?

Answer 39

No

Question 40

Is it necessary that no par shares are stated in the AOI?

Answer 40

Yes

Question 41

Who cannot issue no par shares?

Question 42

What is the limitation on founder's shares?

Question 43

What kind of shares are redeemable shares usually?

Answer 43

Preferred

Question 44

Is redemption of shares allowed even if there are no unrestricted retained earnings?

Answer 44

Yes, as long as it has assets to cover debts and liabilities

Question 45

Can redemption of shares be made if it will cause insolvency of the corporation?

Answer 45

No

Question 46

What are the two kinds of redeemable shares?

Answer 46

p. 2018

Question 47

What does the trust fund doctrine say?

Question 48

What kinds of stocks is included in watered stocks?

Answer 48

p. 221

Question 49

Do treasury shares have the right to dividends? How about voting rights?

Answer 49

No