....credit to the owner

1. QUIZ # 2
LEGAL ASPECT IN TOURISM AND
HOSPITALITY

2. DIRECTIONS:
• This Quiz has two parts.
• First Part is True-False
• Second Part is Identification
• Write all your answers on your paper.
• Answer each item as fast as you can.

3. LET’S START

4. PART I. TRUE-FALSE

5. 1. De Jure corporation is an
invalid corporation for its
failure to comply with the
requirements of the law.

6. 2. Corporator is not the same
as incorporator.

7. 3. Stock corporation is a
profit oriented corporation.

8. 4. There is a Corporation by Estoppel
when five or more persons assume to
act as an authority to operate as such.
In this case, all the persons involved
will be liable as general partners.

9. 5. A sole Corporation is a family
owned and managed corporation.

10. 6. San Miguel Corporation is an
example of a Multinational
Corporation.

11. 7. Control Test is not the principal
test recognized in the Philippines in
order to determine the nationality
of corporation.

12. 8. Corporation has no right of
succession.

13. 9. The artificial being in the
definition of corporation is created
by agreement of the contracting
parties.

14. 10. The nature of
corporation is fiduciary.

15. 11. The power of the corporation is
implied if it can perform functions as
stipulated in the By Laws, Corporation
Code and such other statutes pertinent
to the corporations.

16. 12. PLDT is an example of
quasi public corporation.

17. 13. Public corporation is a
cross between private
corporations and quasi public
corporations.

18. 14. Incorporators are the total
number of persons who
compose the corporation after
its formation.

19. 15. DTI registration is a
must in partnerships and
corporations.

20. PART II.
IDENTIFICATION

21. 1. Unfulfillment of this
obligation when it becomes due
and demandable can be
enforced in court.

22. 2. It is a valid contract because it all
contains the essential requisites
prescribed by law, but it becomes
defective due to injury or damages to
either the contracting parties or to the
third persons.

23. 3. It is a reason that moves
the contracting parties to
enter into the contract.

24. 4. It pertains to the act of
liberality on the part of the
creditor wherein he/she forgives
or remits a debt.

25. 5. It is a contract which is
considered to be inexistent by
operation of law, thus, confers
n0 right to any party thereto.

26. 6. Corporations that are formed
or organized for the
government of a portion of the
State.

27. 7. This corporations are
usually owned and
managed by a family.

28. 8. This corporation is
established for charitable
purposes.

29. 9. This corporation is
established for any
purpose other than
religion.

30. 10. A type of business that two
or more person bind themselves
to contribute money, property
or industry to a common fund.

31. 11. Partners that usually
provide capital to the business
but are not involve in the
management

32. 12. “Ltd” stands
for____________.

33. 13. A type of corporation where
all members exercise their
right to vote to elect the
directors and others officers of
the corporation.

34. 14. It is a kind of obligation
in which both parties are
bound to perform a part in
the obligation.

35. 15. The debtor is obliged to
deliver the movable or
immovable thing to the
debtor.