Multiple Choice. No need for long explanation.

1. The due incorporation of a corporation claiming in good faith to be a corporation and its right to exercise corporate powers may be questioned by:

A. The Office of the Prosecutor in the principal place of business of said corporation

B. The opposing party in an ordinary civil action against said corporation

C. The Solicitor General in a quo warranto proceeding

D. All of the above

2. Under the Revised Corporation Code, stockholders or members may be allowed to vote during stockholders meetings through remote communication or in absentia, but only if the corporate bylaws authorize voting through such means.

A. True

B. False

3. A Stock Corporation is one

A. Whose Capital Stock Is Divided Into Shares

B. Authorized To Distribute To The Holders Of Such Shares, Dividends, Or Allotments Of The Surplus Profits On The Basis Of The Shares Held

C. BothWhose Capital Stock Is Divided Into Shares andAuthorized To Distribute To The Holders Of Such Shares, Dividends, Or Allotments Of The Surplus Profits On The Basis Of The Shares Held

D. None of the above

4. A foreign corporation is one organized or established or existing under laws of the Philippines. A domestic corporation is one organized or established or existing under laws other than those of the Philippines.

A. Both statements are true

B. The 1st statement is false and the 2nd true

C. Both statements are false

D. The 1st statement is true and the 2nd false

5. The classification of shares of stock of a corporation may be made

By Resolution of the Board of Directors on a vote of 2/3

In the Articles of Incorporation

In the By-law

None of the above

6. What results from strict compliance with the requirements of law is a corporation

A. De jure

B. By estoppel

C. De facto

D. By prescription