In answering the problem, observe the following:

(a) First, answer the questions squarely (Yes or No);

(b) Then, explain your position; and

(c) Finally, cite the article where you based your answers;

1. Explain the following principles and doctrines. Support your answer with a

provision (section).

a. Doctrine of piercing the veil of corporate fiction. Enumerateand briefly discuss the exceptions?

b. Concept of Perpetual Succession. Are there exceptions? Ifso, cite them.

c. Compare a de jure and a de facto corporation. Then, giveeach an example.

d. Corporation by estoppel. Give an example.

e. What would happen if the corporation fails to formallyorganize and commence its work after its incorporation?What is a section of the Revised Corporation Code?

f. What is a "cumulative preferred share"? Then, explain bygiving an example.