sie, 12:13 PME ‘Quiz 4: Corporations (Tie Io Tile XI}: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Quiz 4: Corporations (Title I to Title XI) Due Sep 12, 2021 at 11:59pm Points 50 Questions 50 Available until Sep 25, 2021 at 2:30pm Time Limit 90 Minutes Instructions Directions: Read each question carefully and choose the BEST answer. Your response to each question is FINAL because there will be NO BACKWARD NAVIGATION. This means that you will have NO ability to GO BACK to a specific question once you skipped or answered it Please take note that this is a quiz that composes 15% of your grade. You are NOT allowed, in any manner, to open books, references, search engines, and any other materials, or ask your parents, siblings, friends, or anyone else, that will give you the UNFAIR ADVANTAGE of taking the quiz. If [have reason to believe that you are cheating or taking advantage of the online nature of activities, quizzes, or exams, I have the right to further assess you. If your performance from the said assessment apparently does NOT reflect your scores in activities, quizzes, and exams, you will be reported to the dean. Worst, you will be DROPPED or FAILED from the subject. You will also be under strict monitoring in other subjects. This quiz was locked Sep 25, 2021 at 2:30pm Attempt History Attempt Time Score LATEST Attempt 1 90 minutes 34 out of 50 Score for this quiz: 34 out of 50 Submitted Sep 11, 2021 at 10:19pm This attempt took 90 minutes Question 1 171 pts Members of a nonstock corporation are entitled to how many votes? hitpsicanvasinstructure.com/courses/3240683quizzes/B937549 19sea, 12:13 PM ‘Quiz 4: Corporations (Tie Io Tile XI): 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations One None of the choic correct Nu trustees provided in its charter Question 2 0/1 pts Just like in a stock corporation where the directors elect officers, only the trustees can also elect officers in a nonstock corporation. “ee orrect Answer Falso Question 3 1/1 pts What is the nature of transferability of membership in a nonstock corporation? None of the above. Membership in a non-stock corporation and all rights arising therefrom are personal and non-transferable, unless the articles of incorporation or the by-laws otherwise provide. hitpsicanvasinstructure.com/courses/3240683quizzes/B937549 229‘ea, 12:13 PME ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Membership in a non-stock corporation and all rights arising therefrom are not personal and transferable, unless the articles of incorporation or the by ws otherwise provide. Membership in a non-stock corporation is a property right that can be transferred automatically. Question 4 0/1 pts bu Answered orrect Answer Unlike stockholders meeting, members meeting in a nonstock corporation may be held outside the city or municipality where the principal office is located including places outside the Philippines. True False Question 5 0/1 pts orrect Answer bu Answered Independent directors of non-stock corporations vested with public interest may include non-members of the nonstock corporation. True hitpsicanvasinstructure.com/courses/3240683quzzes/B037649‘22, 12.13 PM Correct! (Quiz 4: Corporations (Tile Io Tile X): 1ST 21-22 Reg 2/BAReg 2IEnReg 2/MKReg 2 Laws on Business Organizations Question 6 1/1 pts An imperfect promise which is merely an offer. option acceptance consent policitacion Question 7 1/1 pts Which of the following statements best describes a municipal corporation? Itis created by operation of BP 68 and essentially performs commercial functions or for private interest. Itis created by special law for public purpose or general welfare but performs some commercial functions or a corporation organized as a stock or non-stock corporation vested with functions relating to public needs, whether governmental or proprietary in nature and owned by the Government directly or through instrumentalities wither wholly or where applicable as in the case of stock corporations to the extent of at least 51% of its capital stock, hitpsicanvasinstructure.com/courses/3240683quizzes/B937549 an29‘22, 12.13 PM Correct! Correct! (Quiz 4: Corporations (Tile Io Title X): 1ST 21-22 Reg 2/BAReg 2IENReg 2/MKReg 2 Laws on Business Organizations Itis created by operation of BP 68 but performs essential government, functions because such function is being privatized by government. They are engaged in private business affected with public interest. Itis created by special law for the governance of a particular territory or local government unit Question 8 1/1 pts Which of the following statements concerning the prayer for piercing the veil of corporation fiction is incorrect? Piercing is a substantive right provided by BP 68 available as a matter of right. Piercing is an equitable remedy and may be awarded only in case filed by a person with victim standing, Piercing application is essentially a judicial prerogative. Piercing must be shown to be necessary and with factual basis, Question 9 0/1 pts How may a non-stock corporation be converted to a stock corporation? hitpsicanvasinstructure.com/courses/3240683quizzes/B937549‘ea, 12:13 PME orrect Answer bu Answered (Quiz 4: Corporations (Tie Io Tile XI): 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations By dissolving the corporation and forming a new one By mere amendment of articles of incorporation Either A or B By amendment of by-laws Question 10 1/1 pts In a stock corporation, stocks are transferrable. Likewise, membership in a nonstock corporation is also generally transferrable. True Correct! False Question 11 1/1 pts Which of the following statements is true concerning termination of membership in a nonstock corporation? Correct! Both A and B Termination of membership shall have the effect of extinguishing all rights of a member in the corporation or in its property, unless otherwise provided in the articles of incorporation or the by-laws. Neither A nor B hitpsicanvasinstructure.com/courses/3240683quizzesiB937549‘22, 12.13 PM (Quiz 4: Corporations (Tile Io Tile X): 1ST 21-22 Reg 2/BAReg 2IEnReg 2/MKReg 2 Laws on Business Organizations Membership shall be terminated in the manner and for the causes provided in the articles of incorporation or the by-laws. Question 12 0/1 pts bu Answered orrect Answer Which of the following statements refers to a domestic corporation? Itis one formed, organized, or existing under any laws other than those of the Philippines and whose laws allow Filipino citizens and Filipino corporations to do business in its own country. Itis one existing both in fact and law. It is a corporation organized in accordance with the requirements of law. Its juridical personality is not subject to the attack by the state. Itis one existing in fact but not in law. It is a corporation that is formed where there exists a flaw in its incorporation but there is a colorable compliance with the requirements of law. Its juridical personality is subject to direct attack only be the state. Itis one incorporated under the Philippine Laws. Question 13 1/1 pts Which of the following legal principles best describes the strong juridical personality of a corporation? hitpsicanvasinstructure.com/courses/3240683quzzes/B037649 729‘ea, 12:13 PME Correct! ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Limited Liability Rule Right of Succession or Continuity of Existence Business Judgment Rule ‘Separate Entity Theory Question 14 0/1 pts bu Answered orrect Answer Which of the following statements refers to a lay corporation? Itis one organized for religious purposes. Itis a religious organization governed by board. Itis one organized for a purpose other than a religion Itis a corporation created by mere lapse of time. It is a corporation with acknowledged personality inasmuch as it is an institution which antedated by almost a thousand years any other personality in Europe, and which existed when Grecian eloquence stil flourished in Antioch and when idols were still worshipped in the temple of Mecca. It obtains juridical personality despite the absence of grant from SEC or Congress. Itis a religious organization which consists of only one member or corporator. Itis one established for charitable purposes. hitpsicanvasinstructure.com/courses/3240683quzzes/B937549‘22, 12.13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Question 15 1/1 pts Educational purposes Correct! Practice of profession Religious purposes Charitable purposes Civie service Which of the following may not be the purpose of a nonstock corporation? Question 16 1/1 pts corporation? Its a company which is subject to a common control of a mother or under the common control of another corporation, Correct! purposes of control rather than for mere investment. hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 Which of the following statements refers to a holding company or parent Itis a corporation which is being controlled by the parent corporation, holding company and operated as party of a system or a corporation that is, , through one or more intermediaries, is controlled or is Itis a corporation which controls another as a subsidiary by the power to elect management. Itis the one that holds stocks in other companies for‘22, 12.13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Itis a corporation which is being influenced by the investor. Question 17 1/1 pts What is the term of office of the Board of Trustees of an ordinary non- stock corporation? Correct! Three years One year Two years Four years Question 18 1/1 pts Which of the following instances on itself alone may justify the court in piercing the veil of corporate fiction? The existence of interlocking directors, corporate officers and shareholders, between the two corporations. The mere fact that one or more corporations are owned and controlled by a single stockholder. hitpsicanvasinstructure.com/courses/3240683quzzes/B937649 1029‘22, 12.13 PM Correct! orrect Answer (Quiz Corporations (Tile Io Tile X): 1ST 21-22 Reg 2/BAReg 2IEnReg 2/MKReg 2 Laws on Business Organizations The control of the corporation is used by the director to commit fraud or to defeat public convenience. The mere fact the two corporations may be sister companies and that they may be sharing personnel and resources. Question 19 0/1 pts The following statements pertaining to non-stock corporation are correct, except (Owners may be deprived of the right to vote by proxy in the articles or by- laws, Cumulative voting is available in the election of the members of the board. Officers of the non-stock corporation may be elected directly by the members unless otherwise provided in the by-laws Membership shall be terminated in the manner and for the causes provided in the articles of incorporation or the by-laws. Voting by mail or other similar means in the election of the board may be authorized by by-laws with approval of SEC hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 129sea, 12:13 PM (Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations ‘Owners cannot transfer their ownership unless allowed by the articles or by-laws, Question 20 1/1 pts Itis a corporation which has capital stock divided into shares and are authorized to distribute to the holders of such share dividends or allotments or the surplus profits on the basis of the shares held. ‘Stock Corporation Non-stock Corporation Corpor Question 21 1/1 pts A merger or consolidation will only be officially effective upon: None of the choic proval of plan of merger or consolidation Issuance by the SEC of the certificate approving the articles and plan of merger or consolidation hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 12729‘22, 12.13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Execution of articles of merger or consolidation Question 22 1/1 pts Trustees will hold office for how many years? Correct! Question 23 0/1 pts Which of the following statements is true? ‘Anon-stock corporation may be converted to stock corporation by mere amendments of articles of incorporation. orrect Answer A stock corporation may be converted to non-stock corporation by mere. amendment of articles of incorporation. Neither A nor B bu Answered Both A and 8 hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 1929‘22, 12.13 PM Correct! (Quiz 4: Corporations (Tile Io Tile X): 1ST 21-22 Reg 2/BAReg 2IEnReg 2/MKReg 2 Laws on Business Organizations Question 24 1/1 pts Which of the following refers to “place of incorporation test or doctrine of incorporation test” in determining the nationality of a corporation? Itis the principal doctrine as enunciated in BP 68 which provides that a corporation is national of the country under whose laws it has been organized and registered Itis a three-level relationship test by which the percentage of Filipino equity is computed in a corporation engaged in fully or partly nationalized areas of activities provided in the Constitution and other nationalization of 's where corporate shareholders are present in the situation, by attributing the nationality of the second or even subsequent tier of ‘ownership to determine the nationality of the corporate shareholder. laws, in cas It means that the nationality of a corporation is determined by the nationality of the majority of the stockholders on whom equity control is vested and it is normally used as war-time test or to determine the compliance with minimum requirement of Filipino ownership in industry reserved for Filipinos. Question 25 1/1 pts When the contract lacks one of the essential elements, the contract is: ible hitpsicanvasinstructue.com/courses/3240683quzzes/B937549 1429sea, 12:13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations voidable all of the above void Question 26 1/1 pts HONDA Philippines is fully owned by Japanese nationals. Its main office is located at Tokyo, Japan but it was incorporated under the provisions of the Corporation Code of the Philippines. It engages its business in the Philippines. What is the classification of the corporation under the Corporation Code? fent Corporation Non-resident Corpor Foreign Corporation Domestic Corporation Question 27 1/1 pts Are the stockholders, directors or officers personally liable for the liabilities, of the corporation after the assets of the corporation are exhausted? Yes under all inst No under all instances. hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 1529‘ea, 12:13 PME Correct! bu Answered orrect Answer ‘Quiz 4: Corporations (Tie Io Tile XI): 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations No as general rules unless exceptional case warrant the piercing of the vell of corporate fiction. Yes, because they are considered to be general partners. Question 28 0/1 pts r Unless otherwise provided in the articles of incorporation or by-laws, what is the number of the board of trustees of ordinary nonstock corporation? It should be not less than 5 but not more than 15 It should not be more than 20 It should be not less than 5 but not more than 10 lt may exceed 15 as provided in the articles of incorporation or by-laws. Question 29 0/1 pts Which of the following are the requisites of a non-stock corporation? Neither A nor B hitpsicanvasinstructue.com/courses/3240683quzzes/B937549 1629sea, 12:13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations No part of whose income is, during its existence dividends trustees, or office: distributable to its membe It does not have capital stock dividend into shares. orrect Answer Both AandB Question 30 11/1 pts It refers to a group of persons that assumes to act as a corporation knowing it to be without authority to do so, and enters into a transaction with a third person on the strength of such appearance. It has no juridical personality but the persons composing it will be liable like general partners, meaning prorata and subsidiarily, to third persons. De jure Co Ostensible Corporation or Corporation by Estoppel Question 31 0/1 pts The following rules are applicable only to non-stock corporation, except hitpsicanvasinstructure.com/courses/3240683quzzes/B937549 1728‘ea, 12:13 PME orrect Answer bu Answered ‘Quiz 4: Corporations (Tie Io Tile XI): 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations The right to vote cannot be limited or even denied in the articles of incorporation or by-laws, Prohibition against distribution of dividends Non-profit character of corporation A corporation is not qualified to occupy the position of a trustee Question 32 1/1 pts Correct! Which of the following types of corporations is not required to file articles of incorporation to obtain juridical personality as a private corporation? Corporation by prescription Ostensible corporation De jure corporation De facto corporation Question 33 1/1 pts This refers to qualified acceptance policitacion hitpsicanvasinstructure.com/courses/3240683quizzes/B937549 1829‘22, 12.13 PM Correct! Correct! (Quiz 4: Corporations (Tile Io Tile X): 1ST 21-22 Reg 2/BAReg 2IEnReg 2/MKReg 2 Laws on Business Organizations consent option counter-offer Question 34 1/1 pts Which of the following statements is true concerning termination of membership in a nonstock corporation? Membership shall be terminated in the manner and for the causes provided in the articles of incorporation or the by-laws Both A and B Neither A nor B Termination of membership shall have the effect of extinguishing all rights of a member in the corporation or in its property, unless otherwise provided in the articles of incorporation or the by-laws. Question 35 1/1 pts A person binds himself to render some service or to do something in representation or on behalf of another, with the consent or authority of the latter. hitpsicanvasinstructure.com/courses/3240683quizzes/B937549 1929‘22, 12.13 PM Correct! Correct! Correct! (Quiz 4: Corporations (Tile Io Tile X): 1ST 21-22 Reg 2/BAReg 2IEnReg 2/MKReg 2 Laws on Business Organizations contr ct of pledge contract of agency contract of partnership contract of mortgage Question 36 1/1 pts The ultimate governing body of a nonstock corporation. Board of members Stockholders Board of directors Board of trustees. Question 37 1/1 pts ‘What is the location of then regular or special meetings of members of a non-stock corporation? Atany place even outside the principal office of the corporation as long as provided in the by-laws and within the Philippines. The place shall be in the principal office of the corporation, hitpsicanvasinstructure.com/courses/3240683quzzes/B937549 20129‘ea, 12:13 PME ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations The place shall be in the residence of the founding members The place shall be in the residence of the President. Question 38 0/1 pts orrect Answer bu Answered Correct! The following are the disadvantages of forming a corporation, except There is a high cost and formation and operatives. Itmakes feasible gigantic financial undertaking due to numerous investors. ‘Stockholders have little voice in the conduct of the business. Its credit is weakened by the limited liability feature, Question 39 1/1 pts This is a process whereby the constituent corporations in a business combination form a new corporation. Combination Merger Consolidation Transformation hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 2129‘22, 12.13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Question 40 1/1 pts Itis a corporation established for business or profit. Eleemosynary Corporation Eo astical Corporation Correct! Civil Corporation Lay Corporation Question 41 0/1 pts merger or consolidation? 213 vote of BOD and vote of shareholders holding at least 2/3 of outstanding capital stock outstanding capital stock ou Answered None of the choices is correct, orrect Answer Majority vote of BOD and vote of shareholders holding at least 2/3 of outstanding capital stock hitpsicanvasinstructure.com/courses/3240683quizzes/B937549 Which of the following is the voting requirement to approve a plan of Majority vote of BOD and vote of shareholders holding at least majority of 2229‘22, 12.13 PM ‘Quiz 4: Corporations (Tie Io Tile XI}: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Question 42 1/1 pts Which of the following statements refers to promoters? Correct! They are the persons who acting alone or with another take initiative in founding and organizing the business or enterprise of the issuer and receive consideration therefor. They are the corporators of a non-stock corporation. They are the corporators of a stock corporation. They are persons who guaranteed on a firm commitment and/or declared best effort basis the distribution and sale of securities of any kind by another company. They are those stockholders or members mentioned in the articles of incorporation as originally forming and composing the corporation and who are signatories thereof, They are the persons who agreed to take and pay for original and unissued shares of a corporation formed or to be formed, Question 43 1/1 pts A plan of merger or consolidation will include which of the following? hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 2129‘22, 12.13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations The names of the corporations proposing to merge or consolidate, hereinafter referred to as the constituent corporations. The terms of the merger or consolidation and the mode of carrying the same into effect Correct! Allof the choices will be included in a plan of merger or consolidation A statement of the changes, if any, in the articles of incorporation of the surviving corporation in case of merger; and, in case of consolidation, all the statements required to be set forth in the articles of incorporation for corporations organized under this Code Such other provisions with respect to the proposed merger or consolidation as are deemed necessary or desirable Question 44 0/1 pts Which of the following does not have juridical personality as a corporation? orrect Answer Ostensible corporation or corporation by estoppel Corporation by prescription bu Answered De facto corporation De jure corporation hitpsicanvasinstructure.com/courses/3240683quzzes/B937549 2029‘ea, 12:13 PME ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Question 45 1/1 pts After approval of the plan of merger or consolidation by the BOD and stockholders, the articles of merger or consolidation will be executed by the constituent corporations signed by the president or vice president and certified by the secretary or assistant secretary of each corporation. Which of the following is not included in the articles? The method to be used in the merger or consolidation of accounts of the companies As to each & against such plan, respectively orporation, the number of shares or members voting for or The carrying amounts and fair values of the assets and liabilities of the respective companies as of the agreed cut-off date The provisional or pro forma values, as merged or consolidated, using the accounting method The plan of the merger or the plan of consolidation Correct! All of the choices will be included in the articles of merger or consolidation ‘As to stock corporations, the number of shares outstanding, or in the case of nonstock corporations, the number of members hitpsicanvasinstructure.com/courses/3240683quzzes/B037549 25129‘ea, 12:13 PME Correct! Correct! ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Question 46 1/1 pts It is a corporation where no part of its income is distributable as dividends to its members and the capital of the corporation is not divided into shares of stocks. ‘Stock corporation Close corporation Non-stock corporation Open corporation Question 47 1/1 pts What are the exceptional cases wherein the courts may pierce the veil of corporate fiction so that the stockholders, directors or officers will become personally liable for corporate debts? Any of the above. When the corporate entity is used as mere alter ego, business conduit or instrumentality of a person or another entity. (Alter ego cases) When piercing of the corporate fiction is necessary to achieve justify or equity. (Equity cases) hitpsicanvasinstructure.com/courses/3240683quizzes/B937549 26129‘ea, 12:13 PME Correct! ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations ‘When the corporate entity is used to defeat public convenience such as in case of labor case. (Defeat public convenience cases) When the corporate entity is used to commit fraud or to justify a wrong or to defend a crime. (Fraud cases) Question 48 1/1 pts Which of the following is not a valid effect of merger or consolidation? The separate existence of the constituent corporations shall cease, except that of the surviving or the consolidated corporation The surviving or the consolidated corporation shall possess all the rights, privileges, immunities and franchises of each constituent corporation; and all real or personal property, all receivables due on whatever account, including subscriptions to shares and other choses in action, and every other interest of, belonging to, or due to each constituent corporation, shall be deemed transferred to and vested in such surviving or consolidated corporation with the approval of at least majority of the members of the board of the constituent corporations The constituent corporations shall become a single corporation which, in case of merger, shall be the surviving corporation designated in the plan of, merger; of consolidation, shall be the consolidated corporation designated in the plan of consolidation ind, in cask hitpsicanvasinstructure.com/courses/3240683quzzes/B937549 21129‘22, 12.13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations The surviving or the consolidated corporation shall possess all the rights, privileges, immunities, and powers and shall be subject to all the duties and liabilities of a corporation organized under this Code The surviving or consolidated corporation shall be responsible for all the liabilities and obligations of each constituent corporation as though such surviving or consolidated corporation had itself incurred such liabilities or obligations; and any pending claim, action or proceeding brought by or against any constituent corporation may be prosecuted by or against the surviving or consolidated corporation. The rights of creditors or liens upon the property of such constituent corporations shall not be impaired by the merger or consolidation Question 49 0/1 pts \s a unilateral proposition made by one party to another for the celebration of a contract. sedoevenes consent acceptance orrect Answer offer r Inanswere’ Question 50 0/4 pts hitpsicanvasinstructure.com/courses/3240683quzzes/B937549 20129sea, 12:13 PM ‘Quiz 4: Corporations (Tie Io Tile XI: 1ST 21-22 Reg 2/BAReg 2/EnReg 2/MKReg 2 Laws on Business Organizations Ifa vacancy existed before consuming the whole term a trustee, how long will the trustee filling up the vacancy hold office? ear orrect Answer Remaining term only 2 years None of the choi Quiz Score: 34 out of 50 hitpsicanvasinstructure.com/courses/3240683quzzes/B937549 29129