CHAPTER 2 LESSON1 - MIDTERM EXAM - SAMPLE QUESTIONS

WHAT IS SOLE PROPRIETORSHIP?

WHAT IS PARTNERSHIP? ARTICLE 1767 CIVIL CODE OF THE PHILIPPINES?

WHAT IS CORPORATION? UNDER THE SECTION 2 OF THE BATAS PAMBANSA 68 KNOWN AS THE CORPORATIONCODE OF THE PHILIPPINES.

WHAT IS THE FORM OF PARTNERSHIPS?

EXPLAIN EACH.

GENERAL PARTNERSHIPS

LIMITED PARTNERSHIPS

LIMITED LIABILITY PARTNERSHIPS

WHAT ARE THE TYPES OF PARTNERS?

EXPLAIN EACH.

GENERAL PARTNERS

LIMITED PARTNERS

SILENT PARTNER

WHAT ARE THE ADVANTAGES AND DISADVANTAGES OVER THE UNREGISTERED ASSOCIATIONS?

WHAT ARE THE ADVANTAGES OF CORPORATE FORM OF BUSINESS?

EXPLAIN EACH.

STRONG LEGAL PERSONALITY

LIMITED LIABILITY TO INVESTORS

FREE TRANSFER OF UNITS OF INVESTMENT

CENTRALIZED MANAGEMENT

ARTICLE 1722 CIVIL CODE OF THE PHILIPPINES

WHAT IS LIMITED OR LTD?

ESSENTIAL ELEMENTS OF PARTNERSHIP? GIVE ATLEAST 3.