Long Quiz 2.docx - Long Quiz 02 What may be the composition...

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Long Quiz 02What may be the composition of the executive committee of a corporation?
The power to declare dividends is one of theSpecific express powers of a corporation
A corporate director acts within that granted authority. This is a form ofIntra vires act
The power to make to decide and do things in order to protect debts due to the corporation
The following are included in the specific express powers of a corporation, except,Power todeny redemptive rightsCompany by-laws must benot impair the obligations of contracts
The following positions in a corporation are presented to you
II. President
If the paid-up capital of the corporation is less than P50,000.00, t
This is a power granted to a corporation by its charterExpress powers

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Term
Winter
Professor
Goodfaith
Tags
Corporation

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