Wite true if the statement is correct and write false il hat Al lporaters are subscribers but subribers need not be an incorporator 2. The Carporate Treasurer of a corporation must be a director. Death of sharehelder will net dissalve the corporation 4 Acorporation can come inte existence by mere agreement of the parties as in the case of partnerships
Wite true if the statement is correct and write false il hat Al lporaters are subscribers but subribers need not be an incorporator 2. The Carporate Treasurer of a corporation must be a director. Death of sharehelder will net dissalve the corporation 4 Acorporation can come inte existence by mere agreement of the parties as in the case of partnerships
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Transcribed Image Text:P&G
PHI M
LIFE
An AIA Group Company
MERALCO
SAN MIGUEL
CORPORATION
Assessment
Wite true if the statement is correct and write false if not
Al crporaters are subsribers but subsuribers need not be an incorporator
2. The Corporate Treasurer of a corporation must be a director.
Death of shareholder will not dissalve the corporation
4 A corporation can come into existence by mere agreement of the parties as in the case
of partnerships
S Acorporation is created by agreement of the sharehalders.
The paid-up capital of a Plippine corporation must not be less than Php S00.00.
7Any Individual shareholden in a corporation may personally be held lable for all debts
Inuered by the corporation
L Al incerporators are corporators of a corporation.
S A corporatlen has continulty of existence which permits the business to continue
epardiess of changes in ownership or the death of shareholders
10 Acorportatien or a partnership can be a Incorporator but not a corporator.
11. Corparate Secretary must be a resident and citien of the Philippines
12 A orporation is an artificlal being with a personality separate and apart from Its
Invidual shareholders or members
13. A eorporation can be held liable for personal indebtedness of a shareholder.
14 The labity of the shareholders for the payment of corporate debts is fimited to the
wlr of their shares
1s.Al corperations issue shares of steck and are elther pubalic or private
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON