Philippine Bar review · Question

Practice question: Definition

Multiple Choice Medium

Practice question

Friends sign a private paper calling their group a corporation but complete no legally required creation process and have no special statutory charter. Does the name alone establish creation by operation of law?
  1. Yes, because any label is conclusive.
  2. Yes, because friendship creates corporate status.
  3. Yes, if the group prints business cards.
  4. No; private naming alone does not establish the required legal creation.
  5. Yes, if all founders are adults.

Legal references

  • RA11232, Revised Corporation Code, Sections2–4 and86–87: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html

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