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This document contains a test bank of 30 multiple choice questions regarding regulatory frameworks on business transactions and obligations under Philippine law.
Comprehensive Business Law – Test bank. The difference between negotiation and assignment are that negotiation refers only to negotiable instruments while assignment refers generally to an ordinary contract.
The correct answer is: Ecclesiastical corporation. CLASSIFICATIONS OF CORPORATION 1. Corporation aggregate – Consists of more than 1 member. 2. Corporation sole – Consists of only one member and his successors. 3. Ecclesiastical corporation – Organized for religious purposes. 4. Lay corporation – Organized for other than religious purposes. 5.
8 Οκτ 2018 · explain the contract test of “doing business” in the philippines. Under the contract test, a foreign corporation is doing business in the Philippines if the contracts entered into by the foreign corporation or by an agent acting under the control and direction of the foreign corporation are consummated in the Philippines.
This document contains a test bank of 29 multiple choice questions related to partnership and corporation law in the Philippines. The questions cover topics such as types of partnerships, rights and obligations of general and limited partners, dissolution of partnerships, and creditors' rights.
The basic law governing corporations in the Philippines is the Revised Corporation Code (Republic Act No 11232) The Revised Corporation Code became effective on February 23, 2019, introducing fresh and progressive concepts aimed at improving the ease of doing business in the country, promoting good corporate governance, and providing
I. Foreign investments in the Philippines 1. Doing business in the Philippines The law that governs the participation of foreign entities in economic and commercial activities in the Philippines is Republic Act No. 7042 (RA 7042), as amended, otherwise known as the Foreign Investments Act of 1991 (FIA
