Practice question
Which capacity does Article 46 recognize for juridical persons, in conformity with the laws and regulations of their organization?
- Authority to disregard every statute
- Automatic immunity for every private act of an official
- Capacity to acquire and possess property and incur obligations
- Power to transfer every public asset to an official without authority
- Power to repeal the Constitution by contract
Legal references
- Civil Code Articles44(1),45 and46; https://lawphil.net/statutes/repacts/ra1949/ra_386_1949.html
- 1987 Constitution ArticleXVI Section3; https://lawphil.net/consti/cons1987.html
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