What is the effect of a merger agreement consummated in violation of the requirements on mandatory notice to the Philippine Competition Commission? A. The merger shall be unenforceable B. The merger shall be voidable C. The merger shall be rescissible at the instance of the Commission D. The merger shall be void
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Q: a limited liability ement, the memb the withdrawal.
A: In Violation of the operating Agreement
What is the effect of a merger agreement consummated in violation of the requirements on mandatory notice to the Philippine Competition Commission?
A. The merger shall be unenforceable
B. The merger shall be voidable
C. The merger shall be rescissible at the instance of the Commission
D. The merger shall be void
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- SECTION D Read the following extract and then answer the question belowA client is interested in setting up a business and does not know which form of business to use. He has been told that he can form a sole proprietorship, or partnership, or a limited liability company. He comes seeking for business advises on the advantages and disadvantages of a registered company. Make a comparison between a sole proprietorship, partnership, and a limited liability company.Discuss the legal responsibilities and liabilities of directors and officers in a corporation. What fiduciary duties do they owe to the company and its shareholders? What are the potential legal consequences for breaching these duties?Describe the differences between a sole proprietorship, a partnership, and a corporation as business entities, including their advantages and disadvantages from a legal perspective.
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