Control Test

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1. For a corporation engaged in a partly nationalized activity, the control test principally examines what? Multiple Choice Easy
2. Under SEC MC 8 as upheld in Roy, the applicable Filipino percentage is applied to which two aggregates? Multiple Choice Easy
3. Does registration under Philippine law alone prove compliance with every Filipino-ownership restriction? Multiple Choice Easy
4. A covered enterprise requires 60% Filipino ownership. It has 100 outstanding shares, all with equal director-election v… Multiple Choice Medium
5. A corporation covered by a 60% requirement has 100 voting shares and 100 nonvoting shares. Filipinos legally and benefi… Multiple Choice Medium
6. A covered corporation presents 60% Filipino names in its register. Evidence establishes that the named holders lack the… Multiple Choice Hard
7. A covered corporation meets the applicable percentage in both MC 8 aggregates. A challenger demands the same percentage… Multiple Choice Hard
8. Distinguish the incorporation test from the control test in a nationality-restricted activity. Essay Medium
9. Explain the two-aggregate framework upheld in Roy and why one passing percentage may be insufficient. Essay Medium
10. Does a facial 60–40 Filipino–foreign share structure conclusively prevent further inquiry under Narra? Essay Medium
11. For a nationality computation using outstanding shares, how does RCC Section 173 treat treasury shares? Multiple Choice Easy
12. Under Section 173, are shares issued under binding subscription contracts excluded from outstanding stock merely becaus… Multiple Choice Easy