Question: Hi Tutor! Can you help me with my assignment on Powers of Corporation. Thanks in advance Questions: 1. The Articles of Incorporation ofX Jewelers Corporations

Hi Tutor!

Can you help me with my assignment on Powers of Corporation. Thanks in advance

Questions:

1. The Articles of Incorporation ofX Jewelers Corporations states: "Second: That the primary purpose of this corporation is to engage in the business of manufacturing goods such as jewelry and to trade the sameonwholesale."Isitqualifiedtoengageinjewelryassayingandrefiningactivitiesifthesameisnotexpressly provided for as secondary purpose? If yes, what kind ofpowerisit?

2. Suppose "X" Corporation has an authorized capital stock of P1M divided into 100,000 shares of stock with par value of P10.00 each. Give two (2) ways whereby said authorized capital stock might increase to about P1.5M.

3. Suppose that the right of a corporation to sue and be sued is not expressly provided for in the Corporation Code and Articles of Incorporation. Can a corporation still practice this power? Explain.

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