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- Great! Then let's get started.
- Successful future starts at school- Happy New Year, Reca!
- you are absolutely right, Chief Ken!
- Happy New Year, Teacher Analyn!
- Did you know that Corporation have no power to enter the partnership?
- I'm super excited to learn more about Corporation from you.
- Since we talk about Corporation, What is Corporation?
- As a general rule, a corporation cannot become a partner. This limitation is based on public policy, since in a partnership, the corporation would be bound by the acts of persons who are not duly appointed and authorized agents and officers.
- Apple Inc., Walmart Inc., and Microsoft Corporation are all examples of corporations.
- A corporation is a business entity that is owned by its shareholder(s), who elect a board of directors to oversee the organization's activities.
- Are they making an assignment?
- Class, What are common share?
- Okay, Reca!
- Very Good Reca!Why are you sleeping Jonniel?
- Yes I'm kinda sad because it's hard for me to understand our assignment.
- These are ordinarily and usually issued stocks without extraordinary rights and privileges, and entitle the shareholder to a pro data division of profits.
- What's bothering you? hmp I guess it's about the assignment in business law. Do you need my help?
- zzzzz
- Ma'am!
- Allowed to exist and exercise the powers of a corporation until its existence is assailed by the State.
- Well, Base on my research De Facto Corporation is defined as one that is organized with colorable compliance with the requirements of incorporation
- What are preferred shares? -These entitle the shareholder to some priority on distribution of dividends and assets over those holders of common shares. What are redeemableshares? -These are shares of stocks issued by a corporation which said corporation can purchase or take up from their holders upon expiry of the period stated in certificates of stock representing said shares (Sec. 8).
- Do you have an idea about De Facto Corporation?
- Hey Reca! Do you have an idea regarding to the owners of the corporation?
- It is an individual that owns at least one share of an organisation's capital stock.
- Well, A corporation is owned by their stockholders
- Is a stockholder entitled to the shares of stock subscribed although not fully paid?
- Yes. As long as the shares are not considered delinquent, they are entitled to all rights granted to it whether or not the subscribed capital stocks are fully paid.
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