Powers which are reasonably necessary to exercise the express powers and to

Powers which are reasonably necessary to exercise the

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11. Powers which are reasonably necessary toexercise the express powers and to accomplish orcarry out the purposes for which the corporationwas formed. a.Incidental powersb.Express powersc.Inherent powersd.Implied powers 13. Which of the following is not an inherent powerof a corporation: 14. Right of a stockholder in the cases provided bylaw to demand payment of the fair value of hisshares in case of an extension of corporate term. 15. This Is the difference between the total presentvalue of its assets after deducting losses andliabilities and the amount of its capital stock 16. Dividend payable on unissued or increased oradditional shares of the corporation instead of incash or in property. a.Stock dividendb.Property dividendc.Cash dividendd.Bond dividend BLAW 102 – LAW ON BUSINESS ORGANIZATION Page 1
17. Dividend which is partly in cash and partly instocks 18. Rules of action adopted by the corporation forits internal regulations and for the government of itsofficers and of its stockholders or members 19. Which among is not a requisite for a validmeeting of stockholders or members 20. The following are the modes by which acorporation may issue shares of stock except: a.By making a cash dividendb.Bysubscriptionbeforeandafterincorporation, to original, unissued stockc.By sale of treasury stock after incorporationfor money, property, or serviced.By subscription to new stocks, when all theoriginal stocks have been issued and theamount of the capital stock increased 21. Failure to register a transfer of shares producesthe following effects, except:

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