Philippine Bar review · Question

Practice question: Pre-incorporation Subscription Agreements

Multiple Choice Easy Jurisprudence

Practice question

Whose consent is required for section 60’s consent-based exception before submission of the articles?
  1. Only one other subscriber’s
  2. All other subscribers’
  3. Only a proposed employee’s
  4. Only an external auditor’s
  5. Only the withdrawing subscriber’s

Legal references

  • https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463 — RA 11232, section 60

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