REVISED CORPORATION LAW PHILIPPINES

Determine whether the statement refers to a corporation, a partnership, or both.

1.) Subject to the payment of certain tax

2.) Consensual contract

3.) Juridical personality vests upon the signing of the Articles

4.) Equal right of management of all persons comprising it

5.) May exist indefinitely

6.) Rights are assignable

7.) Governed by civil laws

8.) Not affected by changes in the relation of its subjective components