Question

1. XYZ Corporation, a domestic corporation engaged in manufacturing and distribution of personal care products, wants to acquire a parcel of land for its expansion plans. However, the land is owned by a group of individuals who are willing to sell it. Can XYZ Corporation, as a juridical person, acquire and own the said land? Explain the legal basis for your answer.

2. ABC Foundation is a non-stock, non-profit organization that aims to provide educational scholarships to marginalized students. To further its mission, the Foundation wants to establish a partnership with a private institution that specializes in vocational training. Can ABC Foundation enter into such a partnership? Explain the conditions, if any, that need to be met for ABC Foundation to engage in this type of transaction.

3. DEF Cooperative is a cooperative engaged in the production and marketing of agricultural products. The cooperative wants to expand its operations and acquire additional assets to serve its members better. Can DEF Cooperative acquire real properties? Discuss the limitations, if any, imposed on cooperatives with respect to acquiring and owning real properties.

4. GHI Association is an association composed of professionals in the legal field. The association wants to establish its own office space for its members' activities and meetings. Can GHI Association acquire and own real properties? Explain the legal principle that governs associations in acquiring and owning properties.

5. JKL Partnership, a partnership engaged in the construction industry, wants to enter into a joint venture agreement with MNO Corporation, a domestic corporation engaged in real estate development. Can a partnership and a corporation enter into a joint venture? Discuss the legal requirements and limitations for partnerships and corporations in entering into joint ventures.