Payment of Balance of Subscription

This topic has no further subtopics. Explore its practice questions below.

1. Subject to the subscription contract, who may declare unpaid subscriptions due and payable? Multiple Choice Easy
2. When must a called unpaid subscription be paid under Section 66? Multiple Choice Easy
3. Absent payment or a contrary board order, when do stocks covered by the subscription become delinquent under Section 66? Multiple Choice Easy
4. A subscription contract fixes July 1 as the payment date. The subscriber insists no amount can be due until the board i… Multiple Choice Medium
5. A valid call requires a subscription installment on a specified date. The subscriber does not pay. What does Section 66… Multiple Choice Medium
6. Dana has a P100,000 unpaid subscription. A valid contract-consistent board call requires P20,000 on August 1. Dana pays… Multiple Choice Hard
7. A corporation calls a validly due subscription balance. The subscriber pays nothing for more than thirty days after the… Multiple Choice Hard
8. Distinguish the due date, default and delinquency of a subscription balance. Essay Medium
9. Explain how the subscription contract limits the board's power to call an unpaid balance. Essay Medium
10. Does the Code require a corporation to rely exclusively on a delinquency auction to collect an unpaid subscription? Exp… Essay Medium
11. Section65 links interest from the date of subscription to what requirement? Multiple Choice Easy
12. Where subscription interest is contractually required but no rate is fixed, what does Section65 prescribe? Multiple Choice Easy