Question: Answer the questions directly and concisely. Do not repeat the questions. Write legibly. A mere Yes or No answer will not be given any credit.

Answer the questions directly and concisely. Do not repeat the questions. Write legibly. A mere "Yes or "No" answer will not be given any credit.

Distinguish stock corporation from the nom-stock corporation.

VIII

Distinguish foreign corporations from domestic corporations. What is the "grandfather rule" in determining the nationality of a corporation?

What are the minimum and a maximum number of incorporators required to incorporate a stock corporation? Must all the incorporators and directors be residents of the Philippines?

Distinguish corporation sole from the one-person corporation.

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