We have made this "Partnership And Corporation Quiz" for you. This exam is for the SPS in OIS students of ACLC Taytay. If you are putting effort into learning more about partnership and corporation or just simply want to test your knowledge, then this is the perfect quiz for you. Try to answer all the questions correctly and get a score above 70 percent! Best of luck to you with the quiz.
Voluntary association
Corporation
Partnership
Sole proprietorship
There must be a valid contract.
There must be a mutual contribution of money, property, or industry to a common fund.
It is established for the common benefit of the partners, which is to obtain profits and divide the same among themselves.
The articles are kept secret among the members.
P5,000.00
P10,000.00
P3,000.00
P30,000.00
Two-door apartment.
Lotto winnings of P1,000,000.00
Salary of P500,000.00
Fleet of taxis
The universal partnership of profits
The universal partnership of all present property.
Particular partnership.
Partnership by estoppels.
A universal partnership of all present property between husband and wife.
A universal partnership of profits between a man and a woman living together as husband and wife without the benefit of marriage.
A particular Partnership between husband and wife.
A universal partnership of profits between a private individual and a public officer.
Managing partner.
Liquidating partner.
Ostensible partner.
Partner by estoppels.
Termination of the partnership
Winding up of partnership affairs.
Liquidation of the partnership business.
Dissolution of the partnership.
All the partners must be limited partners.
The number of limited partners must be equal to the number of general partner, that is, 2:2.
The number of limited partners must be greater than the number of the general partners, that is, 3:1
It is enough that there is one limited partner; the rest may all be general partners.
Money and/or property.
Money and/or services.
Property and/or services.
Services only
May be formed by one person.
Is created by operation of law.
Acts through a board of directions.
May exist for an indefinite period.
True
False
The rules of action adopted by a corporation for its internal government.
Adopted before or after incorporation.
A condition precedent in the acquisition by a corporation of a juridical personality.
Approved by the stockholders if adopted after incorporation.
Corporators
Stockholders.
Incorporators.
Members.
Upon the filling of the articles of incorporation.
Upon the filling of by-laws.
Upon the issuance of the certificate of incorporation.
Within 30 days from the receipt of the notice of the issuance of the certificate of incorporation.
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