216, What ste stars of ula vires cotracts entered by a corporation whe ae not egal pe se bt ouside the primary end ‘seeondery pupose ofthe corporten? ‘& Woidebe on he part of the other pty 1. Voidable onthe part ofthe corporation © Unentorceable 4 Nallend Void 219.What i be satus of ula vires acts me by the Corporation’ bord of decor or offices in behalf af the corporation whi re egal pr se? 1 Voiable 1b. Unenterceabie ©. Rescisible 4 Nalend Void 720-What i the stata of ura vires ats made by the Corporation's board of rectors or officers in baal of the corporation ‘which are notilegal per se bu merely nautraed? ‘a Veidabie © Unentoreabie © Resisble & Nultand Void 221 Wat ting ye dy «id yw od cama wi epee ao tou of dec fier in re ears contact pit roo nen ats penny ree ese Sones mctecaepienseaes 2 De of capper SR ls eapentn ed Bou fon ving vay of he soon cel i er eS py spo ak else maa es Sipe aeatasierevsopoes ih, Sinha etree ntact es asl Netter iil ieryeren seer ferro mtn sips stop er Loa tae ke pate pe a Scans nae tears en ac areata peat ee on, cneutmontee conan motee i ee ‘222m may the corporation exept itself fom the ules vrs ceotact entered or executed into by its compose office or agen? ‘a Temust plead and prove tat such corporate ofzer was not properly authorized by clear evidence. ‘tims prove that it as timely and propery repaid the offer’ author to prevent estoppel © Both nd 8. Netter nor, £223, What isthe binding eect of excevied contract fs corporation which s considered ul vir? ‘<can bind the partes on the bass of doceine of estoppelratietion or doctrine of apparect authori, ‘ean never bind he pats. Ie should ne bind the pares because tis void no, eis always cubject ation and court ean tere, 224. Wasa the required vot for he exteasonshortning of eorprate tem? 1 Approval by atleast maorey vote ofthe bast of ircctor/rustes and raifcton by stokboldersrepreseting at least 2 of the oustanding capt tock ort at 26 of mene ‘Approval by stockholders representing atleast 2 of he oustading capital stock or members. . © Approval by at leat majority vote ofthe board of dcctorstrutes and ratifcatcn by stskoldrsrepeseating st least majority ofthe oustanding capil stock or ender. 4 Approval by at last majority vote of the bard of drecterstruess. 1225. What iste required vot for the increaseldecreasingofatoriand capita sock? . ! ‘2 Approval by at lest mejorty vote ofthe otrd of diester and afifiaton by stocker repeating leas 23 ofthe outstanding apse, heute te an a 1b. Approval by stoctholders presenting at east 2 of te oustanding apt Approval by at least majriy vote of he otrd of drestors and reieation by stockholders representing at ast majority ofthe outanding capital ck 4 _-Approval by at least majority vote ofthe board of droctrs Wh the reared vote fr ineting,creing or increasing bond indent? f BNR ral ya et majors votes Sour oftrcorsnatery an renin by schol prt ot int 2 oft outta capil sock or tb 29 of member i 1 Aoprovalby socioides rptng ae’? o he sang capa sock or meer i Approval by at at aor vee fe oud rectrtter an atiston by Hoda rprectig wt : iret majndy oft ousandg capital sock or members. : 4. Approval bya est majority vte of be baud of decree GEAR Neguon Pronrwor for Buars Tractors (RFBT 6612) page 250162227.What the required vote for inuring, creating or increasing Ions payer cts payable? ‘Approval bya east majority vot of te bard f detervmutes and uation by stockade representing at eas 29 ofthe outstanding capital sock erat ast 23 of member. Approral by stockholders representing test 23 ofthe cutstanding capital tock o meabers, © Approval by a least maory vote ofthe baud of crectevnutes and rtfeatin by stockholders representing et least majority ofthe outstanding capil tock ot members. & Approval areas majority vote ofthe present members of drectorsrstees ina meeting where here it quorum. ‘228 n case of inretsing ocean he authorized capil tock or ncresinglreatng bond indebedness, whichis incorrect? "Bonds pyabl ised by» corperton sal be registred with SEC which sal have the autor to determi the sufcieny ofthe eras thereat 1 Any ineeaelecrense of authorized capital tock or ineeaselrentin of ond indeeedness shal have the approval ‘otSeC. Any decresse in athorized capil stock shal be sepponed by unesbcied retained ean 4 SEC shall approve the increase the increase tn eutorized capil sock only if ts accompanied by corporate zene’ fii tha the minirue subscription and paid up requed by lnvbas ber complied with. © The siockoldes are uot requed tobe noted io eae ‘of icreneldecrease of auoraed capil stock or lncrenelcrenion ofbond indeed 229.1 retest the right of sarcoldrs to subyerie to aliases ot disposition of ses of ay clas in propation to thir ‘reset shareholding inorder to preserve thes ovmerhipftere ne corporation inless property ened in he arias of Incorortien. Ii tended to protect both the propia and voting his of a sockolder in a erprstin, since such proportionate intrest dxrmines his proportionate power fo ot incorporate ars when the Iw geste shareholders Fie fo afin or deny bard actions. tis x common lt right which may be exercised by stockholders even when Provision ised in he a ‘Appa right 1b Preenptiverah: © Right of fst refisl 4 Reseemabi ight 230. which document hl ihe deni of presamprive right of ckholdr be sed for dei o be valid end binding? 1 Arles of incorporation & Bylaws © Ee AorB @ Netter Aor 231.Woa isthe require vote fr valid of dni of prempive right ‘Approval by al least majority vote ofthe board of rectors and ratiaton by atleast 23 of stockholders. 16 “Approval by socktolders representing test 23 of he oustnding capital sack 5 Appromalby atleast marty vote ofthe board of decors and raifation by stockholders representing at least maori ofthe oustanding expt eck 4 Approvalby atest marty vote ofthe board of actor. 252. provides that a soehlder who may wish to slo sigs hs shares must Fist fr the share othe corpoain or fo ‘ter entng tocol of the eorpration, under tems ed eondtons which are reasonably and tit only when the ‘parton othe other stockholders donate fi to exercise hei options the offering stokboler at Ibert to dose of ‘is shares to third price. I arises only by vieue of conmactual sulsons, in which eae herp is consrued sey sgn ihe righ of persons to spose of or deal wih hei property. Ii normally walble na lve corporation as stated in [saris of ncorporation a ape of ster recrcton. Appa riht 1b Preemie right © Rightet fst rfid Redeemable right 253. When is pre-emptive right avaible? 1 Tone sues of snes arising fom any nee of apt oak 1, When the bord decides to open them for subsea, to exiting unsubseribed portion of te authorized capital sock nat previously offered t existing stoctheere I To crposiionoreisutce of treasury dares Lonly 5 only ©. Tundifonly 4 Liand ————— (CAR. Regulatory Framework for Gusiness Tausactions (RFBT 8612) Page 26 of 62234The flowing ae he instances when preemptive righ of hareolderis ot wvaabe exept at . Shae dup ware tor orm some eC ‘Pubic Oferng of Shares fr ing in ick Exchangt a rt ated fy te corporstn se ey were nly ofa together with al be sas he exiving stockholders mh intially refed bem Cee gid wit approval of te tectoKers boing 27 of the oustanding capi sock xchange forth properyaeded for corte ETS, ‘chan fre Fone Teapot holding 22 of the oxtanding capil sek, in payment of roveusy conrad cobs of he carport Water of enh be socktoler Ince ofmon sac pret sce tee 8 conten metetip . Ipc of on soc opera ee rare ai have evo exered thei reap ih 1° snr ne sb ‘mn Ong igh ot ened in be eles €Tnorportion or ancnnen ereto e Poems asians te equ vee rte eee renee ol anally craw? teen a ee onl oc ean 9 sole pS = Eraser cmstaning cpl stocker at 23 MEMOS a et rimceg kaa oe cuando ck or mente Arena by een nec pert ae tn Soles ag EFS i wedge neck ren Kopel jy vt of a of secre Under Revised Conporation Cod wnt i he aden! rauzement fr the wld of ale, disposal, ease or enurbrence ‘fal or seal al of corps see There mat conplince wih Plippne Conpitin Ast or LA. No, 10667 wd ther related las, Thema be approval ty Comener of Intra Reve © Theremustbe approval ty Commissioner of Caras, 44 There ust be approval by Regional Tit Cot 237Uinder Revised Corporation Cade, whet is the bars ie cooputaton to deernine whether the sale involves all or ssa all ofthe corporation's ropes and assets f te sores" mute computed bred ov ae tet val, Shown is ale d Caneel statements 1. Items be computed based ont oa a3 vate, a shown x es fan statment, Teemu computed based on lity vue sbovn tts test fir ancl statements. 4. Tematbe complied bused on fa vaeet valu, we sho ase! fzancal stemens. 238. isthe requred vote er the sae or sporty SM oF SM Mall of Ais” ‘Approval by at lean ajriy vtec be bos of et uss: feast 23 oft outtnding cpl sok oat east 2 sof wer. Approval by nockiolers represent ag at lea 9 of Ne osu g capi! nack or members Approval by at last jer vo of the tear of tee etree et aifetion by tokbolders epeseatng at least rj of te custanding aptal oc frente. (4 Approval at eat majo woe of preset men er of Grectorrstes na meting weer there is quora rd tian by stockolders representing 2304s nonstockcanportions where there ar ao members with vt “ight in vate coquced for he aproval of sale lupo, ese or encumbrance uf sl er santa al of corpora ae ‘2 Vou ft east aor of the rues Vote of seas 29 af he eustce= © Vote ofatleas ofthe raters 4 Uamnimous ste ofthe wastus 240. Which of he folowing sl, depose! or late made hy Nerd of doctors of coronas rues aticason by is sckbolden? Sale which woud rends te corporations larapale of coataung its business or accomplishing she purpose for which as incor eat or exchange of corporat ets in the requ cose obsess Saleor pledge ormeigage of corporat acu nthe uot cour of bss. Salo pos of sarperas arts for the conic of emeing bins are Ala acquisition of treasury shares, the presence of unr resined earings sree in ode motto vole tut find ‘oath, The flowing are herons fr acquing ow shares an placing them n treasury except Toclininate eonal saves wt of ack divides ‘To call or compromise nderednes tothe earoraton arg oat of uxpld subscription, ina delinquency sale tno purchase delinguet shes sod dung Sle ‘Topey desenting or withdrawing sbaelder enti t payment weder Corporation Code Tove a decree of capt stock [else corporations, where three a Gealock nthe masagertat ef the busines {close corporations. veo a sleeker want uae apprais! righ fr whatever rexson “Topay redeemable preference shares “Topey bonds payable ene (CRAR— Regulator Framework for Business Tensations (RFBT 3812) ‘Page 27 of 62242. which of te following purptes of caring own sbtes an peclag them in resur is presence of unrestricted retuned caigs mot required? ‘© To colet or compromise indebtedness othe corporation, rising out of wapaid subscription ina delinquency sale sadto purchase delinquent shares sod uring sid sale 1. Topaydiseting or withdrawing sbrcholdersextided to payment under Corporation Code by eeson of exercise of ‘praia right in ordinary corration © Toeffecta decrease of expt stock (1) inacove corporation where there it a deslock nthe management ofthe busines or (2) when sacolder of ‘clove corporation wans to enevse his appraisal right for waalever reson or (3) in redemption of redeezable preference shares in ordinary corporat. 243,Wha isthe required vote for acquistion of weasury shares? ‘Approval by a least majoiy vote ofthe board of ctr and raat by atleast 23 of sco. ‘Approval by stocktolders representing atleast 23 ofthe outstanding capital stock. ‘Approval by alas majority wot ofthe board of dirctors and ratification by stockboldes representing ot lest taajory ofthe custanding epi! stoke Approval by atleast majonty vote ofthe board of dretors, ‘244.1 means atthe capil stock, propery, ad oer assets ofthe cerportin ere regarded as equity in ust for payment of corporate credits. ‘2 Expel docrine 1B Doctine of equiablrecoupeat Wertng ase docrine Tru find doctine ‘245 Whac is the vote required forthe inveetmen of corporte finde a another corporation o for purposes other than the primary pose? ‘2 Approval by at east majority voe ofthe board of dectortrsees and aifetion by stokbolders represeting st east 27 of te oustanding capt stock or at lest 23 of members 1 Approval by sackholersropreesing at est 23 of te ousanding capital stock or mebers. Approval by atleast jority woe ofthe board of deetorstrustees an ratification by stockholders repesating st leas majority of te otsanding capil stock or meabers Approval least majoriy vot ofthe Beard of drectorstrsaes 246. When de iavesenent of carport nds it easonnbly neces fo accomplish the corporations primary purpose a tated in ‘he ares of icerporation, wat dhe reqed vo secessary fr Is valsity? ‘Approval by atleast mary vote of the board of drectorsrutes and afeaio by soekhoMersrepreseting at least 23 of tie oustanding capital sock oat east 2 of member 1b. Approral by stockholders rpresecing at least 23 ofthe eutsndingcpitl sok or members. ©. Approval by at leat major vote ofthe board of dectostrees raion by stools representing a least majority ofthe oastandig capital tock or meaber. 4 Approval by atleast majority vs of present members the board of dretorfnstes in a mesing wre there i aon, 247. Which ype of dividends is required to be ratified bythe stockholders owning m least 27 ofthe outstanding capa stock ‘ented vos? Cath dividend 1B Prope dividend Stork died Srp aiicend 248. Under SEC rang, what is te elastin of tensry shares doclaed ss divers? Proper dividend Stock dvdend & Cashaivisend 4 Serp didend 249.As general rule and in compliance of rus fond doting, dividends canbe declared only out of = Capit Share premium © Netlasome 44 Unrestricted rained earnings 250, Which pe of dividends can be legally applied or legally ofeted to the balance of subsrbed shares which ee not yet ‘ecard dengue’? . ‘Cash Gvidends oly 1. Stock dividends aly © Both A and 4 NeltherA vor B GAR Regul Franevor for Buses Tracts REBT O81) Page 28 of 62251.Which type of dividends can be legally applied ot legally ofated tothe balance of subscribed shares which ae lead ecard dengue? “ 1. Cash dividends only Stock viene only i & Bob Aad ! Nether ner 8 250 They eer oh pra seta, dered nd oe aye et fr inane sen ine Prof % Lees © Retaied earings Dividends 255.Under tut fnd deci, dividend eanot be Gar ort of cocebuted capital or legal capital, The following ae the Insances when dividends can be declares out of capil. coy, except ‘1 Redemption afr-dcemabl prefernce shares 1 Ligidtngdvigends during the iuldation 2 Payment io noctholler ofa cose coaion exerci his appro ght for whatever reso0 44 Payment o a eorkhoder ofa close cereraion mr cse of deadlock in management f= Declaration of dividends out of capital 0 cig corporation by vir of wasting asset doting {EDeclraton of property ivgends If de corporation bas defi 254, When shall the stoehbolers be ented to cash and propery dividends? 1 Upon dt of pigracct 1 Upon ete of record Upon date of destvation ty Board of Dirstors Upon date of scouring 255.Whatis the egire vote fer delaras of cash ov prone eden? ‘2 Appr by at eat mary vate of i Woes "esa ad rife by schol representing at east 23, ofthe oustanding capa! tock. 1b. Approval by ecto dersopoveting sae 2/4 he cusending expt tack, ‘Approval by at lest ajery vote ofthe boat! fd recto td ratification by stockbldes representing at least rajoyof theses cpl tk, 4 Approval by east msjriy vor a th bond of doses, 256. What isthe eguired vote for delat stk dividends” "&Approval hy a eae sjry vate ofthe Board of rectors and ra feta hy stskholdrs epeseating at east 2/3 ‘ofthe oustanding cai sec. 1 Approval by steers operant ows 2° f the outzanding pil sok Approval by atleast majority wore of th toad of desir tal Fuca: by stockholders representing a est ‘aluriy ofthe atsnc'eg copia sock. 4 Approval by eeas aur W207 the board of deste. 257.As a geceral ue, wht isthe maim sams profit cam be ee fy asock sorporation? Te 100% of wbscribe epi! 100% ofp up ecpia 100% of leg! capa 44100 of short pal eck 2587 crprtion ny asin as of eine earings i 3c fe inn nt (10% op pcp) provided ‘bye Corporation Cada di flaming taen nee . ‘1 When ican he ceri shonn thet sah rose is cater wd opi cheumsnes obtaining inthe corporation such es hers vo re tse fr prin arg (Vlueary APE of Reed Fumi) 1 When te corporation puhbiea vce ery lah agent wh oxy Guana aioe of crtine om ein scons ios coe and cat nut ast Jet en Sea! (Corti Appropaon of Rete! Faring) Whee ust oy ete corps expan project appre ty he bard ef diecrs (Votan Appopiion or Retuied ane") 4 When teres ayuiton ofacsuy sats (ona Ajpropition of Rnd Erin). { Whenrcessy Ye doe Site on sas ven or goer iene. 250. refers to the dividends whic are acl disribonuns of fhe ext ofthe cnpetation upon isoution or winding up of ‘esse, "tCash divigende 1B. Stock dividends Property dividends guiding dividends Pace 29 of 62260 itrefers the dividends which re payable in united or increased radon shares ofthe corportn, 1 Cash dividends 1. Stock dividends rope dividends 4 Lighting dividends 261, Wea type ividend declaration doesnot aft he ol tockboléen’ equity of the eompraion? 1 Cah dividends Stock dividends Proper dividends 4 Serp dividends 260.1 reer to any contract whereby a emporio underakes to manage or opert all or substatlly al ofthe busines of ‘robe corpora, wheter such copracs ae called service conta, operating agreement or oes, 1 Manages contact 3. Bmpoyment contact 6. recute contact © Operatzg conrct 2653.As a geome, what ie the requed vote for validly of management contactor wha isthe requzed vote fr vali of Thtsagenent contract in the absence of necocking actor berwee he managed corporation and maneging corporation? ‘Approval y lest jority vee ofthe board of deters and aston by stockholder representing atest 23 of oustanding capital stck ofboth managed nd managing corporation Approval by sockholder repeating at leat 23 ofthe oustanding capil stock ofboth managed and managing corporation. Approval bya ast jority vot ofthe boerd of recta. 44 “Approval bya lest majory vote of te board of directs and rican by stockholders representa at lest ‘maori ofthe outsandng epi stosk ofboth eanaged and managing corporation, 264.n case thee ee interlocking stoctholder or interlocking doctors between the mansged corporation and managing ‘portion, wha she required rateton ve oo the part of macaping corporation and managed carporaon? Approval by test majority of he Dod of oct" and riftcaton by socolde epresening at eset aor ‘of be oustanding capital sock of managing corporation and approval by atleast mjory woe ofthe board of cars end ratcason by stockholder represen last 2/3 ofthe oustanding capita tck onthe ptt of amped corperaton. Approval by sockBolders representing tent 2 ofthe cusanding capil stock ofboth managed sod maging ‘xporaton, Approval by test major vote ofthe beard of decors 44. ‘Axproval ty at leat majoriy vote ofthe board of dirctors and ratification by sockolders representing a lest maori ofthe outsunding cpa ack of bath msraged and managing corpora, 265s general rl, wha isthe maximum perio fer ne tem of mangement contrac? Syean b ayen © years @ yer 266. refers to the aes of ion doped by &corporton for is ner goverment tnd for heregulin of condo, a it [esries the rights and due of 8 soctlders or members towats Welland among thenseves i reac 1 the unagemen of ‘Ceifeateof ncrporation 1. Arles of corporation © Bylaws 4 Arles ofcoparmerhip 267 ade the Ok Corporation Cos when may the by-laws of private corporation be ebite to SEC? 1 Atte tine of submisio of aise of incorporation 1, ‘Witla 30 day fom the Gsuace by SEC of Catficas of Registsion or Incorporation © Esher AaB Naber A aoe 268.Unde te Revised Corporation Code, when shall he b-ae f« prvate corporation be submited SEC? ‘2 Athe tine of omission of aisles of ecerporton 15 Within 30 ay rom the isance by SEC of Cerca of Registration or Icorporaion © Biber AorB , 4 Neder AtorB Tapa trsmrwor for Beas Tratons(RFBT 8612) Page 30 of 62,1 | 269.The following are generally provided inthe corporate by-laws, except " j ‘&Thetime, place and manne of calling and conducting regu or special tings ofthe directors or muse ‘The time 2nd manner of ling and candactngregulr or pecia ecings ofthe stockholders or er=bers| ‘Te required quoru in meetings of stockholders or member and the manner of voting heres i ‘Refer fr one of socked ad mens dt aoe fee ‘The qualifications, duis ad compensation of decors or muses, officers ani employees . ‘The time for holding te annual eleton of rectors of users and the mode or manne of giving aot thereat ‘Tue manter of eleton or appoaument andthe term foie of all oficers ober han directors or ustees epee: vo afte ive ase of sock omperations, the manner of suing tock cetfates ‘Such other matters as maybe necessary for dhe proper or convenient rnanton of corporate busines and firs The purpose claw and name of erpration 270.To flowing eee purposes of bys, except AL lspolnct the ele otc ptoe {tis condition precedent before ke aogulson ofl perunaligof a corporeton. Teens the hts and dues ef corporate officers and decir and of stockholder loward the corporation and 4 rere ne eee sng te reguaes ths busines transection of he erpration i partial wey. 27.Te elowing ath requisites for the vay oy aws except ‘Mamasnt te oma t th Corporation Cre, ny ia, ad Ariss of lcorporeton. ' ttmast not be souay to ral nd publi poly & Rimstbe diserimintry, oppressive and whiza. 4. mustnot inp blignion and contract, 27 ‘ay the by Laws ofa cnpration prejudice affect hid prs who det wih the ceporton? Ava general cl, they caro fst or peice tid peans who del wih the corporation ules they have Iaowiage ofthe ave beeause bees opera merely ara ales among tector, 1% Asa general rue cay can affect becuse he er Hed befor the SEC. They can aeverafet a peje thd pers ‘4. They willawas reas er ae this paso 273.Waa nh prod ar subisson of postinconwrtio yu to SFC une ered erporeion? 1 Wikin 30 days fom sedate of sssner of eeu oC iacorrati by SH ‘Within 2 days fom the dts catance of eat no wy SEC Within 10 dys om the date uftsuoner of eit of toonten by SES 4 Wit 40 dye fom the det oF ance of efoto pion 7 SE 274. Waste tet of on ling ots wih se SEC whine series pei by an? ‘2 Ikauomatially disalver tte enertion, The cerporain does net ober & The corpaton become: seappraoa ty se! 4 Ika mere norazomate gromd caraome dsxouskn tod dhe cororaica it a Be very leas a de facto exporaton 275. Whats the reuied vot ote adoption of 2 reeeo-ine bya? ‘© Approval by a least major vote ofthe Boar of deserts iteatio by steskokesrprsetng at least 29 ofthe cumendig cipal ick kent 29 omte 1 Approval by stocker: opreseting leas 27 ofthe ovrcdng capa ack at as 23 members. © Approval by at est aujrity vot ofthe boar of eeaa irate nd ra zanna epesenting least ofthe ottaneg cpl sek a3 een ots 44 Approsl bya tthe acrprar 276.A80 gnea rl wha she requed woe fr 8 erento 192% a apo of pesixcxpontion bylaws? ‘© Approval by atleast mace vot of le boar of ciacorstrses tnd ratieaton by tocol representing lest 2 ofthe obsnding copa soak or teat 23 me. 1 Approval by socolders presenting tnt 25 of te clean cap stock et est 8 member Approval ty at leat major vote of te baad 0° decanted ans riexton Sy sekbolder represeaing ot ea: ajo ofthe oustanding pial cro naoty Omer 4. Approval by at ens majriy oft bow of drecorvstes. 227. Wat the reuited vets forte adotin ce omevdeat = yews itis power bas ey bea validly lead to the ‘Bound of DaseiorsTrusee: by the nockhoer mie ‘Approval by lett rjony vol ofthe tas of dinctorirases and rit deat 27 ofthe ctsating cape sock res 23 eb. Approval by cies represeatng ext ft outing cept aoc at est 29 members. Approval by teat maj vote of he tad of decorate and raion by Sobol representing et least maori ofthe outstancing epi stce tetramers 4 Apgrom by ales mort af te Board of rcorsacces ny tockodes representing at rr rrr ne renner CPAR- Regulatory Framework for Business Transacricns (RFBT 8612). Page 31 of 62271. eid wef hl een by te ene eR of ded fe poe tented eels? eye by ast ery we oe bu of ase ad retention erie COSI PA TS raat stemen more ysis at ft ag api ake 9 Cee ee tet Cea cco aay ode rome (mite oe cg al stacy mbes &. Kprooyates snr of te af doce: 273. Woah oguite vot fo the revocation ofthe delegted power of board of diets to amend or repel tyme or adopt ‘ew ee? 1" Steck owing test 23 ofthe ostening capi stack oat ast 29 of members 1S Stekhades coming teas 60% of he oaanng capital stack or atest 6% of members. © Slckekdes omg at east 75% ofthe cuttaing capital stock oa leat 75% of members. 44 Stckdclders coming tas mjory ofthe uttnding expt sock or at east majority of mbes. 200. Which of he folowing powers canmo be deepied to the board of deta? Power toemend by an 1 Powertorepeal by laws 6 Power adopt new by laws 1 Powe to adopt te ft he origina bylaws 281 Under Revise Corportion Code, bitte new made of giving notice to sockholsernenbers regarding thelr eulr cr speci mesticgs? ‘a. “ay sow be tent eleorialy (elecone malo oter manne) in secerdance with the rales and regulon of ‘Be SEC on the se of eeeronc dats messes by ow be seat though te we of pigeons ty ow be cent tough the we of aia. & Alloftbe above 282.Under Revised Corporation Code, whea may noice of meetings o soctodervmembers be alowed tobe given them ‘eezonicly in acorance withthe ruts and relations ofthe SEC onthe we of lectroni data message? ‘When clecroic sending allowed nthe 3. 1 Wen electonic sending dose withthe coment of ackoldars or members © Ete A eB Nether Aner 285 Under Ob Corporation Code, dats is wot Sz inthe by-laws forthe rqular meeting of harehlders or members, when shal the reusable or member esting beheld? ‘2 Onany date in April as determined by Bord of Directors or Tate ‘Onan date in Mayas determined by Board of Directors or Tasos © Onany dat in fume as determined by Board of Directors or Tres 4 On any eaten July as determined by Board of Dntos oe Tes 204 Under Revised Corpeation Code, i at isnot ied in be by-aws fore rgulr meeting of shareholders or meres, he tll the regulr shareholder or members meeting be bel? ‘On any date afer Apri 1S as determined by Board of Directors or Treas 1 Onany dae ater Moy 15 a determined by Bourd of Deters or Tees. Onan dete ate Jane 15 ws determined by Bond of Diese or Tastes 4 Onany deat uly 15 as cetemued by Board of Duero or Tass 285.Manatrly, whee shal the regular and special mating of weehldes be oeted? ‘Inthe ciymunicipaley where the pricsipal office ote preferably atthe principal office of he corporation. 1 Inthe cin/municpaity whare the picipal warsboure is lated preferably atthe principal wareboue of the carpio, Inthe cin/auncpaliy where the priacipal branch is lecuod preferably atthe pricipal branch office of the cerporuion 4 Inthe ity/municipalty where the largest ranch i Load profersly athe largest branch of he eorpraion. 206.What is the only exception alowed by SEC for the sockhoker’ esting to be valid in cite itis mot Bel in the ‘tylniialty where the principal offices ocated pefeably a the przcpl offic ofthe exxpration? ‘When provide by he bylaws 1. Wha povied bythe atic f incorporation ‘© When ll the tocol are presen edly represented in that mening & When provided inthe bylaws and arles of ncopeition 287. case the by ews silent, bow on stl the regular mating of stockholders be el? ‘= Annually b Montiy © Semiarnully 4 Qureriy (CRAR.- Rygulatory Framework for Business Tratsactons (RFBT 6612)| I 2. cae y ew lent how fen al he ear mesing of board of decors hel? Analy 3 Monty & Semiannuay & Quckely i 240m cs te by-laws i sien, who bas the etry order the calling of requ and special meting of bord of ectors ‘sd regilar meeting of ocho? * Coase of te ton & Prodew & Sereary @ Tres 290 case the y-lwa s silet, whe has the bleating to el th regular and special meeting of board of rectors or ruler seg of stockholders ae being propery wutbenedé Pun MPEG mowing ‘ Chaimn ofthe board President © Secrary 4 Tree 291, Under Old Capron Cad, in cate brew se, wa te minmn numberof dys of ving cc nase of “meeting of stockholders or board of directors? i“ ‘Regular eng of sockbotdes Special meeting of ockbolders Meeting of Dieters a Atlesstwo works loa! coe week ‘Atos one day Atleast ces aay ‘lear sno days ‘aan ve ays © Atleast five days Aten: hee ae ‘Aas rw day cease four days Alene dies ‘Actes se days 292.Under Revised Corporation Code incase the by-laws san, what he minim number of aye of ving sie in cave ‘tng of osloldes or board of iets? ‘Reale meen of stocktoders pera menting of ncaa Ming of Directors Atleast vo weeks ve mec ‘Aleut one day 1. Attest te dys aed ‘Atleast five ays © Atleast 21 aye ‘A les 08s neck ‘Atleast ono days Atleast four days ‘svlas ve ys ‘atleast se cays 283.Under Revisad Corporation Code, in se of potpnaement of seribote scr menbes rgular meetings, when shall ‘wae noice thereat a the reason herein tal br go ew sue Hokie on embrace 8 Aslest wo @) wrels pro tee eat if he meray, sive we Tar. pve nega under the Bylaws, Iw oF ‘epulaton '. Attest one (3) weuks prio tome date of he nesting yak Ura: psa is eid under the Eyam lw oF regulsicn © About hee (3) wecks port he dae of Se waeJag usw erm pected i egied under tho Blan, law ot requlation 4 Atlee four (4) weeks pio tom dat fds avg. nls a cifinen pri ic nue unde th bylaws, wo regulon 24.1 case te by Jaws lent, where shall the esting othe bowed of di ‘& Aayohre provide wishin ts Mlppine 1 Anyrhee a or eu ofthe Pipi lathe principal ffice of ts corporation 4 Inthe principal operation of he competion 295.n ase the bls is slont aso who Pus the autor y 19 oer te sang of pen rset, ho ts the eho call special meeting of sharcoldas i cae th President Se wot wut ede teeing? 1. By decor, ste or by an eer earvied wi the manigrsest ofthe corpo 'b. BySEC,aponpeiion ofa stockholder er mere aed ob bung of £008 ese © Elber& of a Neither A noc B sssbe bed? 296.n case the bylaws silt a 0 wo all al special eeting of esco4 Ur 306 te mac of be tocol was not abletostlet who sal psi nhs said pec mowing or he saber in race ne Presiden oes not at oor he calling, who shal preside te esting? ‘4 eesioning shareholder presides © Secety 4 Trane 297.Under Olé Corporation Code in cass the Sy slam, who sal rss the regular mosig of board of ects oF rguler meting of deholders? 1 Chasmtn of te board b Preidest, Secretary 4 Tresure (CRAR— Reaultory Framework for Pusince Tanactions REBT B12) ‘Page 33 of 62298,Under Revise Corpration Code in case he byl isl, who hall preside the regular meeting of our of rectors oF regal meeting of harebelder 299.0 which meeting i proxy allowed? ‘2 Mecing of board of drectorsrustes . Meeting ofshureboldervmemben © BothAandB. & Nekher A nor B 300, Whats be quorum for vay of meetings of shacho}ersmembers? ‘%-_Sloekhaldersreprseiing at eat 3 ofthe orsanding exp tock or at est 23 of membre 1. Stoebhaldersrepresmting a ae 75% ofthe oad cpl tock ora eat 7% of members {© Sockhodesrepresening at art majority ofthe oustanding capil sock or majority of members 4 Stochodesreprevening 100% of the eutanding capil sock o all members 301.When shall he proceedings and businesses uuasacted In the meving of tockbolders or members be valid despite the ‘propriegyof holding or ealing of meeting? ‘4 Tfall stockade or members ofthe corpartion ee present r duly prsented atthe meeting. 1 Ite businestesmuasctd ar within he power or authority ofthe corporton. © Warn both A and Bare presen. When ether A or ie present ‘M2. Who has the sary to order he calling of speci mesg forte removal of etree? ‘= Pride cel 1b Secrecy, stockolder or member ©. Treanuer only 4 Cinirman ofthe toed only 308-The flowing srs are ot ened to vote, exept ‘2 Delinquent sures Treasury shares, © Practcon shires _Esrow shares before he flint of eonton Unpaid subsrbed shares ot yet declared delinquent 304.A tckoldr may vote in the following manne, cept Dire in person ‘Through proxy who has bees propery eutoried Bye cusce hough voting ous apenas! ‘By executors, ainisratr, oF receves or peton dy apposed by cout Incase of o-owners of shares of locks, by consent fle co-owners (unanimous vot) In cat of plge share of stocks the pleigor may il vote 1m case of equstered srs by PCOO (1) GR: bythe egteredstockboldr of record (2) Exception: by PCGG if itean comply with ether public character or tworiered ess Through eiauthorized person 15a cae of comowned socks, the consent of ll co-owners is neces forthe vad ofthe vote of those shares of toc, ‘Wnatare the excepsoalcaes when a co-owner may vote vully eve th or co-owots ae no presen? ‘When the co-owners execuied voting ust agreement in or of he voting co-owner. 1h Whanthecortiens of ack indents anda the ownership. 306. refers toa writen authorization ven by on person anothers hatte second can at for be frst and it aso refers to the holder of shorty or person suberze by an aver seeder or member 1 vote fo bin wa steko meeting. 2 oy Debtor & riscipl & Creditor 207 Th owing he ies aly ofr. exc Tal bev only foe he meting wich wasted unless the proxy isa continuing roy, bal bein witng Its be lo before the scheduled meting with the coeporate seta ‘dL be sipped bythe shueboldermeber concerned ‘© sll owl and effective even fore period longer han 10 years at anyoae tne DEAR Regular Pomc for Basar Towson FBT 6812) Page 34 of 6208. Wha she effet or valty period of prony al en on ine? ‘A period not exceeding Sears ‘A period ot exceeding 10 ears ‘Aperid not exceeding 3 years ‘A pvid not exoening I 3ear 09.The righ to vote by preay maybe exes forthe followag exexpt 1.” Blecton of the boar of ects er ruses by sarees . Voting by members ina nonsock copuraieIa & Bypledge of shares pledged to hin Voting of mise under voting st agreement ‘© Voting incase of join omer of sock Bleton of corporate officer y boud of rete cr wting by sub-groy in baal of «proxy 310. refers to the agretmet whersby stockholders (rast) of stock corporation confers upon arse the right vote and obi sighs prising to th shares andi shold no be wed to excuvent the lw ait inoopeles and illegal Sarbintions nesta’ of rae for fd purposes, I ay be prsanelraed trough aco ertion byte tors when ther rghs are mampled upon bythe Mui, ‘8 Proxy agreement 1 Apmey grement © Consolation 4 Vodeg our serene, UW is eect an vali pro of voting tut agrees at sy oot tine with he exception of ong st spell seve wand miner ape ae pr Spinone te as ft Sietodnteeiag ean 4 Pena ot exceed 15ers e ‘Afrbd nt uoredey yous aA pela atexesdag I our 312-The following ae the corretcitfeences between pron mad ving mt areeent, except Proxy need note notized while votns wos apeemcnt nrc to bona 1 Theres no waster eft ron wile there raster of ue to mutes, © Theproxy mst vote in person while he ouster ten pean or by pny, & Prony can only acta a pected esting if nox contin, roxy while tute isnt limites to act any partial seeing. Proxy is revocable tary time while tu agresae ig reves 4 Theprony votes san ots wile he ie ote: nog 313.What iste sms of voting rs egreesie i e ot in wtng 308 enor notzed and flo speci is tems ead condone? a Voidabie b Ressisile © Perf vali 4. Ineffctive cod wenferceable 314.Who amorg the folowing maybe eleteé a2 deer af tsk corps? ‘Prony of socklolder 1. Tus ina voring mes apes Trutorin a voung vst agree nent Prony ofa mee ina veer nit asreeient 31ST following statemonsconcesingWsting st agents re coment The voring wots cr sees are notalowed tote by poy ila leayreerert prvies otherwise. 1b. Unless express renewed. al rigs arse ina vos, mus agreemert shell cma expire be ead of te eed period, andthe voting tnt cerca as wed atthe seticute of si be mame of he ase oF lewsecs shall thereby be ded canceled and new canfcter of suk ll be cetue ta he mae of Be asf. ©The voting tut agree isd with te ccrpration shal! Le Lec to exauaion by ay stole of the nportio nthe same manrer a ay ote corpse bod end 4. The tse or tres anal exces and dlr Yo he nasfera rar ving "st ceifcts, which sal be ‘wasfeable inthe sre marcer and wih ie same efecto neck. 316n which coraraton code voting tirogh eae communion 0: nabs by stckholér ot mers inthe lotion of recs or estes lone? 1 Revised Corpration Code Old Corporation Code © Bot AandB Nether Aner nr CRAG. Regulatory Framework for Busines Tansecions (REST 8642) Page 35 of 62317.Uader the Revised Corprmion Code, when may the stockholders or members vote trough sete communication or 12 beeen theeleeon of directors or tes or wha isthe requted authorization before the toskoles or members my ‘ote trough remote communication or nab in the election of @retors or trustees? ‘a Whea so authored nthe bylaws 1, When so mhoried ty amijoy vote ofthe bord of dretorstastect © Bier AorB, 4 Neier Aor 2318-The lowing arth way o become stoccldes except ‘2 Throgh subscription contact with he orporation 1 Lend finds corporation (© Purchase or acquson of shares fom exiing ockholders 44 Paehae of weeny shares rom te corpraica 319. fest any court for he sobscripon or sequision of unsued sock in an exiting corporation o he shares of the ‘corporation sil tobe formed. “Acgustoa contact, ‘Sais const Subsrpton contrat Proabasn contact 320 Ascoing to SEC ruling, whats te saure of subscription contact ‘Biv comct Indiv costct Either Aor Neer Aor B 321. Won he erat required by BP 68 for he ality and enforceability of subscription contrast? 1 Wmustbenotred. Waustbe in wing beeanse its covered by sae of rad, elemistbe eisered with SEC. ‘4 Itay bea ay form because itis perfected by mere consent 322.A orally sbesibed to 10 craton sacks of ABC Corporeon aa prise of S00 whartn payment ofthe rice an delivery ‘court of socks wil ppen afer onch, What ie sata of cone of sbsripton? 1 Uneaforceable ©. Vosable eect valid 323.Which ofthe flowing tems refers to abla subscription? ‘Lita sudeenption where the eorpontion aes to do something, he flfliment of which aot being a eondkion ocedeetin te acon! of aay of he arte oe acqusion ofthe righ oa stokbo le. 1 ire ubierpion entered ito aes he incorporation fr tenuis o unsued sock els asabsripon subject toa condition peer 24.188 sbsepion emared ino before inorporion 1. Pos incrporationsisiton 1 Preincorporaton subscription © Conon subsrption &Subocripon wit special tem 325, the shvece of larger period spud in the contact of subacrpten, re-seerperton sbseripo sal be irevcable for what prod fom he dt of sbscripton? = year b Sots © Sons 4 syears 326. Whes my he preincorporationsubseipton connate lloned to be revoked? ‘When all oft other sbserbers consent the revocation. 1, When de poposed corporation fil to materialize. When the ee of ncorporton hs lady subsite o SEC. 4 Biker Aor. 327Ja the sbence of longer period aut inthe costact of sbsexption, when may a princorpraon subscription be ‘lowed tobe revoked? tL Afer€ mnths om te of mbnrptin oven fier the subs ofthe aries of ncorpomtion withthe SEC 1 ‘Within 6 months fem date of asbriptcs but mst be Before the submission ofthe ates of Icarportion with ‘be SEC fer} months fom date of subscription even Ber he edbrisson ofthe ails of incerpration with the SEC 4 ‘After 6 months ftom dteofsbucripion but must be before submission ofthe articles of incorporation With the sc 7771 aE POTS (GEAR Ragultary Framework for Business Farsactions(RFBT 8612) Page 36 of 62