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Quiz 08.docx - Quiz 08 Which of the following distinguishes...

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Quiz 08Which of the following distinguishes a stock corporation from a non-stock corporationVotingby mail may be allowed in Articles of Incorporation
Statement 1. A close corporation is a business organization which all shares are held by a fewselected personsStatement 2. Most of the stockholders of a close corporation are inactive in the corporate
Statement 1. In a close corporation, corporate powers may be exercised by stockholdersStatement 2. In a regular corporation, only to board of directors exercise corporate powers
Which of the following distinguishes a non-stock corporation from a stock corporation
A foreign corporation is a company formed, organized or existing under any law other thanthose of the Philippines, and whose law allow Filipino citizens and corporation to do business
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Term
Winter
Professor
Goodfaith
Tags
Corporation, following statements, 60 days, stock corporation, Articles of Incorporation

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