Dear tutor, please help me with this one. Please Explain the following. Thank you and God Bless! I will really give a positive rating to those who can help me. Please ty pe your answers here. Do not attach a picture of your answer. Thank you. Also, kindly use the most recent applicable law in the Philippines.

Explain or state briefly the rule or reason for your answer. Quote the Article Number to support your answer. 1. What do you understand by the trust fund doctrine? 2. Distinguish between ultra vires act from illegal act. 3. What is the difference as to effect between the declaration of cash dividend and that of stock dividend? 4. Compare the relative powers of a corporation and a private individual or an ordinary partnership. 5. X subscribed to 100 shares of stock in a corporation which declared a cash dividend. The dividend received by X is based only on the 70 shares fully paid by him. Has X the right to insist on the payment of dividends corresponding to 100 shares? 6. X, Y, and Z each owns 10% of the capital stock of a corporation. X exercised his pre- emptive right to new shares while Y offered his corresponding new shares to Z who purchased the same, thereby increasing Z's proportionate holdings. Has X a ground for complaint? 7. Suppose the original capital stock of a corporation is divided into 100, 1 share which were all offered for subscription. Only 60,000 shares were subscribed including 12,000 shares by X. Is X entitled to pre-emptive in case the remaining unissued 40, 000 shares are again offered for subscription? 8. The corporation has surplus profits amounting to more than 100% of its paid-up capital stock. It has not declared dividends for the last five (5) years. May the corporation be compelled by the Securities and Exchange Commission to declare dividends to its stockholders? 9. A corporation borrowed money for the purpose of paying dividends. Is this legal