Practice question
A valid corporation undergoes changes in its shareholders. A student says the artificial being necessarily ends every time a share is transferred. Which feature most directly answers this claim?
- Its advertising budget.
- Its choice of trade name.
- Its office furniture.
- Its tax return format.
- Its right of succession.
Legal references
- RA11232, Revised Corporation Code, Sections2–4 and86–87: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
Answer this question in flashcards to review your response and continue practicing.