Practice question
After submission of the articles to the SEC, may a pre-incorporation subscription be revoked under Section 60’s final sentence?
- Yes, at the subscriber’s unlimited option
- Yes, by changing the contract title
- No
- Yes, every subscriber may revoke by silence
- Only the subscriber’s age matters
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.