Practice question
Which description fits a cooperative under Article 3 of the Cooperative Code?
- An autonomous, duly registered association of persons voluntarily joined through a common bond and cooperative purposes
- Every private friendship
- Any group using the word cooperative without registration
- Only a government department
- Only an association formed to avoid all laws
Legal references
- RA 9520, Article 3: https://cda.gov.ph/issuances/republic-act-9520/
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