Which of the following best describes a corporation organized under the laws of the State of New York but owned 100% by Filipino Citizens? a. A New York Corporation b. A Filipino-owned corporation c. A Filipino-owned Foreign corporation d. A Filipino-owned New York Corporation Which of the following is in conformity with both law and jurisprudence? a. The separate personality of a corporation may be disregarded when an incorporator dominates and controls the outstanding capital stock. b. Shares cannot maintain a suit in their own names to recover corporate property. c. A corporation does not fall within the constitutional protection against unreasonable searches and seizures. d. A corporation has a right against self-discrimination A corporation by prescription is a: a. corporation sole b. de facto corporation c. eleemosynary corporation d. corporation by estoppel Which of the following statements is true in applying the doctrine of piercing the veil of corporate fiction? a. Corporate insiders (stockholders, directors, officers) can invoke the doctrine of piercing the veil of corporate fiction to pierce the veil of the corporation where they are insiders. b. Even a single circumstance can be the basis for piercing the veil of corporate fiction in the case purely alter-ego piercing. c. The doctrine of piercing the veil of corporate fiction cannot be used under any circumstances to hold a corporation liable for the obligations of the stockholders, directors and officers. d. If the doctrine of piercing the veil of corporate fiction is not applied, the officers of the corporation cannot be held personally liable for their acts as such officers Which of the following statements is true in applying the trust fund doctrine? a. The trust fund doctrine only applies if a corporation has corporate creditors; otherwise, it has no application whatsoever. b. The trust fund doctrine only reserves an amount corresponding to the outstanding capital stock of a corporation c. The trust fund doctrine applies whether or not a corporation is insolvent d. The trust fund doctrine does not apply if a corporation is not yet incorporated or is already dissolved. Which of the following statements is true in applying the corporation by estoppel doctrine? a. Corporate insiders (would be stockholders, directors, officers) cannot invoke corporation by estoppel doctrine with respect to dealings they have with the ostensible corporation. b. Notwithstanding that a corporation is eventually incorporated; the acts performed by the incorporators while the application for incorporation is pending will be governed by the corporation by estoppel doctrine. c. All persons who are associated with the ostensible corporation shall be liable as general partners under the corporation by estoppel doctrine. d. Only persons who actively represent themselves and act as a corporation knowing it to be without authority to do shall shall be liable as general partners under the corporation by estoppel doctrine
Which of the following best describes a corporation organized under the laws of the State of New York but owned 100% by Filipino Citizens?
a. A New York Corporation
b. A Filipino-owned corporation
c. A Filipino-owned Foreign corporation
d. A Filipino-owned New York Corporation
Which of the following is in conformity with both law and jurisprudence?
a. The separate personality of a corporation may be disregarded when an incorporator dominates and controls the outstanding capital stock.
b. Shares cannot maintain a suit in their own names to recover corporate property.
c. A corporation does not fall within the constitutional protection against unreasonable searches and seizures.
d. A corporation has a right against self-discrimination
A corporation by prescription is a:
a. corporation sole
b. de facto corporation
c. eleemosynary corporation
d. corporation by estoppel
Which of the following statements is true in applying the doctrine of piercing the veil of corporate fiction?
a. Corporate insiders (stockholders, directors, officers) can invoke the doctrine of piercing the veil of corporate fiction to pierce the veil of the corporation where they are insiders.
b. Even a single circumstance can be the basis for piercing the veil of corporate fiction in the case purely alter-ego piercing.
c. The doctrine of piercing the veil of corporate fiction cannot be used under any circumstances to hold a corporation liable for the obligations of the stockholders, directors and officers.
d. If the doctrine of piercing the veil of corporate fiction is not applied, the officers of the corporation cannot be held personally liable for their acts as such officers
Which of the following statements is true in applying the trust fund doctrine?
a. The trust fund doctrine only applies if a corporation has corporate creditors; otherwise, it has no application whatsoever.
b. The trust fund doctrine only reserves an amount corresponding to the outstanding capital stock of a corporation
c. The trust fund doctrine applies whether or not a corporation is insolvent
d. The trust fund doctrine does not apply if a corporation is not yet incorporated or is already dissolved.
Which of the following statements is true in applying the corporation by estoppel doctrine?
a. Corporate insiders (would be stockholders, directors, officers) cannot invoke corporation by estoppel doctrine with respect to dealings they have with the ostensible corporation.
b. Notwithstanding that a corporation is eventually incorporated; the acts performed by the incorporators while the application for incorporation is pending will be governed by the corporation by estoppel doctrine.
c. All persons who are associated with the ostensible corporation shall be liable as general partners under the corporation by estoppel doctrine.
d. Only persons who actively represent themselves and act as a corporation knowing it to be without authority to do shall shall be liable as general partners under the corporation by estoppel doctrine
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