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AllBar 2024CIVIL LAWIII. PERSONS AND FAMILY RELATIONSB. Juridical Persons (Civil Code, arts. 44-47)

Question

III. PERSONS AND FAMILY RELATIONS
Topic: B. Juridical Persons (Civil Code, arts. 44-47)

John, a Filipino entrepreneur, recently established a startup company called InnovateTech Inc. The company focuses on developing innovative technologies for sustainable agriculture. In order to formalize the business operations, John registered InnovateTech Inc. as a juridical person. However, he encountered some legal issues regarding the formation and operation of the company.

1. Identify the requirements for the formation of a juridical person.

2. Discuss the legal effects of the creation of a juridical person.

3. Analyze the limitations and liabilities of juridical persons under Philippine law.

4. Examine the circumstances wherein the dissolution of a juridical person may be warranted, and the corresponding legal consequences of such dissolution.

5. Evaluate the legal remedies available to the members or shareholders of a juridical person who have been aggrieved by the actions or decisions of its board of directors.




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Bar Review Question: III. PERSONS AND FAMILY RELATIONS Topic: B. Juridical Persons (Civil Code, arts. 44-47) John, a Fi