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Philippine Bar review · Question

Practice question: Corporate Powers

Multiple Choice Medium

Practice question

A contract has the required prior authority and is otherwise lawful, but officials refuse to post any legible copy, saying prior authority exhausts Section 22(c). Which is correct?
  1. The subsection separately requires conspicuous posting of a legible contract copy.
  2. The authorization automatically prints the contract on the wall.
  3. Posting applies only to private corporations.
  4. A campaign speech is always the prescribed substitute.
  5. No transparency duty exists once the mayor signs.

Legal references

  • Republic Act No. 7160, Section 22: https://lawphil.net/statutes/repacts/ra1991/ra_7160_1991.html

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