Commercial Law Quiz

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Created by Bryan Villarosa

Commercial Law Quiz

1 / 10

Which of the following statements is most accurate regarding dividends?

2 / 10

Which of the following conditions is NOT required for a minority stockholder to properly assert their right to inspect the books and other corporate records of a corporation?

3 / 10

When does a stock become delinquent?

4 / 10

What is the trust fund doctrine?

5 / 10

In a corporation engaged in a nationalized activity requiring at least 60% Filipino ownership, how is the required Filipino ownership percentage applied?

6 / 10

(Bar 2017) Erica dissents from a corporate act like a merger. What must she do to exercise her appraisal right?

7 / 10

[2013 Bar] Dennis subscribed to 10,000 shares of XYZ Corporation but paid only 25% of the subscription. Assuming no call has been made on the unpaid subscription, how many shares is Dennis entitled to vote at the annual meeting of the stockholders of XYZ?

8 / 10

When does the right of inspection extend to books and records of the corporation's wholly-owned subsidiary?

9 / 10

2014 Bar: What constitutes a quorum for the transaction of corporate business?

10 / 10

(2012 Bar) What is the primary purpose of the "Tender Offer" Rule?

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Bryan Villarosa

Juris Doctor | Legal researcher, SEO writer, and website developer.

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