Practice question
A contract gives ten months for incorporation, no articles have been submitted, and only seven months have passed. Explain why the longer agreed period matters to the claimed failure-to-incorporate exception.
Legal references
- RA 11232: https://elibrary.judiciary.gov.ph/thebookshelf/showdocs/2/86463; Sections 59-60.
Answer this question in flashcards to review your response and continue practicing.