Doctrine of Separate Juridical Personality

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1. Which statement expresses separate juridical personality? Multiple Choice Easy
2. Who ordinarily owns a building validly acquired in the corporation’s own name? Multiple Choice Easy
3. Which characteristic appears in RCC section 2’s definition of a corporation? Multiple Choice Easy
4. A shareholder’s personal lender seeks to seize a delivery truck owned by the corporation solely because the debtor owns… Multiple Choice Medium
5. Corporations A and B share several directors. A owes a supplier under its own contract. No guarantee, assumption, statu… Multiple Choice Medium
6. A parent owns all shares of a subsidiary and appoints its directors. The subsidiary contracts in its own name and defau… Multiple Choice Hard
7. A shareholder sells all her shares to a buyer. The corporation remains in existence and owns a warehouse. The buyer arg… Multiple Choice Hard
8. Explain separate juridical personality and its consequences for corporate assets and debts. Essay Medium
9. Does complete share ownership alone make a parent corporation liable for a subsidiary’s contract? Explain using PNB v. … Essay Medium
10. A personal creditor claims a corporation’s bank account because its debtor owns most shares. Assume no fraud or other e… Essay Medium
11. A corporation owns and leases a machine in its own name. Who is ordinarily entitled to the lease income before any lawf… Multiple Choice Easy
12. Does the death of a shareholder automatically transfer title to a corporate factory into that shareholder’s estate? Multiple Choice Easy