Practice question
After due notice and hearing, the competent authority finds a party has actually ceased to exist for eighteen months. The party says its old certificate conclusively prevents application of Section 6(7). Which is best?
- The old certificate does not immunize the party from the established ceased-existence ground
- Registration prevents every later statutory ground from arising
- Eighteen months is less than one year
- Only changing the logo determines existence
- A historical certificate automatically creates current activities
Legal references
- RA 7941: https://lawphil.net/statutes/repacts/ra1995/ra_7941_1995.html; Sections 5, 6(6)-(7).
Answer this question in flashcards to review your response and continue practicing.