Log In Create Account

Philippine Bar review · Question

Practice question: Doctrine of Equality of Shares

Multiple Choice Easy

Practice question

Can Section 6 permit further share classification to ensure compliance with constitutional or legal requirements?
  1. Never
  2. Only if no law exists
  3. Only by disregarding the Constitution
  4. Yes; its final paragraph expressly recognizes that purpose
  5. Only by making every share ownerless

Legal references

  • Revised Corporation Code, RA 11232, Sections 3 and 6: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html

Answer this question in flashcards to review your response and continue practicing.