P&GPHI MLIFEAn AIA Group CompanyMERALCOSAN MIGUELCORPORATIONAssessmentWite true if the statement is correct and write false if notAl crporaters are subsribers but subsuribers need not be an incorporator2. The Corporate Treasurer of a corporation must be a director.Death of shareholder will not dissalve the corporation4 A corporation can come into existence by mere agreement of the parties as in the caseof partnershipsS Acorporation is created by agreement of the sharehalders.The paid-up capital of a Plippine corporation must not be less than Php S00.00.7Any Individual shareholden in a corporation may personally be held lable for all debtsInuered by the corporationL Al incerporators are corporators of a corporation.S A corporatlen has continulty of existence which permits the business to continueepardiess of changes in ownership or the death of shareholders10 Acorportatien or a partnership can be a Incorporator but not a corporator.11. Corparate Secretary must be a resident and citien of the Philippines12 A orporation is an artificlal being with a personality separate and apart from ItsInvidual shareholders or members13. A eorporation can be held liable for personal indebtedness of a shareholder.14 The labity of the shareholders for the payment of corporate debts is fimited to thewlr of their shares1s.Al corperations issue shares of steck and are elther pubalic or private

The incorporator will issue a transfer of subscription document for the one share for which he has…

Answered: Wite true if the statement is correct…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Which of these relationships is false? a. Current Asstes+NON-Current Assests=Liabilites+Equity b. Assets-Liabilities=Equity c. Assets-Equity=Non-Current Liabilties
Imprudential, Inc., has an unfunded pension liabilityof $630 million that must be paid in 20 years. To assess the value of the firm’s stock,financial analysts want to discount this liability back to the present. If the relevantdiscount rate is 7.1 percent, what is the present value of this liability?
Sandy works for RigorMart. She supervises regional managers and directs them based on orders from the board of directors. Sandy’s position also entitles her to stock ownership in the company. What is Sandy’s position in the company? Executive and shareholder Executive, shareholder, and director Executive Shareholder
1. Rightof Stoppageintransit canbeexercisedby theUnpaid Seller,whereheâ€” (a) haslosthisrightoflien (b) stillenjoyshisrightoflien (c) either (a)or(b) (d) neither(a)nor (b) 2. RightofStoppageintransit canbeexercisedby theUnpaid Seller,wheretheBuyerâ€” (a) issolvent (b) becomesinsolvent (c) actsfraudulently (d) actssmartly 3. If,afterthearrivalofgoodsattheirdestination,CarrierorotherBaileeacknowledgestoBuyerorhisagentthatheholds goods on hisbehalf,and continues possession of thegoods, thetransitâ€” (a) isatanend (b) isdeemedtocontinue (c) isnotatanend (d) isnotaffectedatall 4. Ifgoodsarerejected by thebuyer and theCarrier or otherBaileecontinues inpossessionofthem,and thesellerhasrefused toreceive them back, thentransitâ€” (a) isatanend (b) isdeemedtobeatanend (c) isnotdeemedtobeatanend (d) isdependentontheCourt’s decision 5. If,afterthearrival…
Each of the incorporators of stock corporation must own or be a subscriber of at least one (1) share of the capital stock of the corporation. 1 point TRUE FALSE The corporate powers of a corporation shall be exercised by the stockholders. 1 point TRUE FALSE The President of the corporation may or may not be a director. 1 point TRUE FALSE The Treasurer of a corporation must be a member of the Board of Directors. 1 point TRUE FALSE A majority of the members of the Board of Directors as fixed in the Articles of Incorporation shall constitute a quorum, and every decision of at least a majority of the directors present at the meeting shall be valid as a corporate act. 1 point TRUE FALSE Directors can attend and vote by proxy at board meetings. 1 point TRUE FALSE Persons convicted by final judgment of an offense punishable by imprisonment for more than 6 years, or a violation of the corporation code, committed within 5 years prior to the date of their election or appointment are not…
true or false 1. Ali incorporated his business so that he has unlimited liability to shield him against personal liability claim by the creditors 2. Applying first-aids to an injured worker while waiting for an ambulance to send him to hospital is a risk management technique called salvage. 3. Deductible can be used to retain property losses 4. Removing undamaged inventories from a burnt warehouse is a risk management technique called rehabilitation
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Mini Case Debt vs Equity Holders Companies obtain their funds from two sources: debt and equity. The providers of these funds are protected in different ways. Debt holders have specific contracts with the company, and if the company defaults, they have recourse ahead of shareholders. Shareholders are the bearers of residual risk and in return for the uncertainty this creates, equity finance is more expensive than debt finance – reflecting the risk premium and risk appetite of the shareholders. But, because the shareholders come last and it is not clear what they are entitled to, they operate in conditions of an incomplete contract. Question: If the shareholder’s position is not protected by a contract – unlike the provider of debt- how is it in fact made viable? Discuss
He seeks your advice on some of the latest changes in the Companies Act 2016. Advise Michael on the following matters which he has raised:(a) Rules on passing of ordinary and special resolutions.(b) Removal of directors of a public company.(a) How to determine that a corporation shall be deemed to be a subsidiary of another corporation?

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