Question: Under the Philippine Civil Code, kindly answer the following: a. What is the doctrine of the veil of corporate fiction? b. What is a corporation?

Under the Philippine Civil Code, kindly answer the following:

a. What is the doctrine of the veil of corporate fiction?

b. What is a corporation?

c. State at least 4 contents of the articles of incorporation as required under the law.

d. What are the instances or acts that need at least 2/3 vote of approval of the stockholders or members?

e. What is the term of a member of the board in a stock corporation?

f. What are the different grounds for the disapproval of the articles of incorporation or its amendment?

g. What are de factor corporations?

h. What are the different disqualifications of a director or trustee?

i. As a general rule, a contract of a corporation with one or more of its directors, trusties, officers or theirs spouses and relatives within the 4th civil degree is considered voidable at the option of the corporation, what are the conditions that should be present in order for it to be a perfectly valid contract?

j. What is a partnership?

k. Differentiate a corporation from a partnership.

l. When is the partnership bound to make good a loss?

m. Give at least 3 causes of a partnership's dissolution.

n. When does a partner have the right to a formal account as to partnership affairs

o. What are the rules in determining whether a partnership exists?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!