MODIFIED TRUE OR FALSE

1. A share with an outstanding subscription payable cannot be declared to be delinquent.
2. Subscriptions for shares of stocks cannot be executed for shares which are outstanding.
3. Subscription contracts, like any other contract can be revoked or cancelled for any reason.
4. In the subscription contract, a subscriber of a share of stock can be asked to pay in kind forthe shares subscribed.
5. A subscriber of a share of stock can be asked in the subscription contract to settle hissubscription by surrendering shares in another company.
6. The corporation is allowed to vote on shares of the company that it owns or re-acquires.
7. The right to vote on shares are inherent in the share of stock and cannot be transferred toanyone without transferring the shares.