Powers of a corporation

1. (1) A foreign corporation doing business in the Philippines without a license may be sued
but it cannot sue.
(2) A written demand for payment of the fair value of the shares made in the exercise of
the appraisal right will suspend the stockholder's rights.
Both are true.
2. A written promise to pay the money loaned, but ordinarily-it has no specific fund or
property as security for the payment is called
Debenture bond
3. A written promise to pay the money loaned, but ordinarily-it has no specific fund or
property as security for the payment is called
Debenture bond
4. Ultra vires acts:
All of the above
5. A corporation has only such powers as are expressly granted and those that are
necessarily implied from those expressly granted or those which are incidental to its
existence
Doctrine of limited capacity
6. A corporation has only such powers as are expressly granted and those that are
necessarily implied from those expressly granted or those which are incidental to its
existence
Doctrine of limited capacity
7. When a corporation is used to defeat public convenience, justify wrong, protect fraud, or
defend crime or made as a shield to confuse the legitimate issues or where a corporation
is a mere alter ego or business conduit of a person, this doctrine applies
Doctrine of piercing the veil of corporate fiction
8. The following are not only express powers of the corporation but also inherent powers,
EXCEPT:
None of the above
9.