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Module 1: Activity/Assessment
1. In what ways do you expect this subject to be of value to you?
- I think it will help me to know more about the law of making a business on what to avoid. It will help
me so I don't make mistakes and make myself go to jail.
2. Give a candid evaluation of yourself your strength and your weakness.
- For me my strength are I can't say no to people that asking for my help. I know that it can be a
weakness to but I put it in strength because most of the people I'm helping is just my friend and my
family. My weakness is that I'm a shy type of a person, I don't know how to talk to people that I just
3. Name some of important accomplishment in your life and briefly explain why you them as such.
- In my internship at a Municipality of Pulilan, my classmate and I organized budget sheets. When we
pass it through our supervisor they liked it and we're so happy about it that's why I think its my
important accomplishment in my life
Module 2: Activity/assessment
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1. What are the distinction between corporation and partnership?
- The separation between the owners and the business is the primary distinction between a
partnership and a corporation. Corporations are distinct from their owners, whereas with partnerships,
partners share the risks and rewards of the firm. A partnership is formed when two or more people
want to do business together.
2. Are foreigners allowed to join cooperatives?
- Yes because in article 4 of RA 6938 Open and Voluntary Membership - Membership in a
cooperative shall be voluntary and available to all individuals regardless of their social, political, racial or
religious background or beliefs.
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Module 3: Activity/Assessments
1. The court looks at the corporation as a mere collection of individuals or an aggregation of persons
doing business as a group under the doctrine of "piercing the veil of corporate fiction," disregarding the
corporation's independent lawful identity that unifies the group.
2. The corporation is a distinct legal entity, and its members are not personally accountable for its debts.
If there is no express provision regulating the members' liability, they are immune from personal liability.
However, an absolute absence of any type of liability is not permitted in the case of a company
incorporated under the Companies Act.
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Module 4: Activity/Assessment
1. No, the company in question is not a de facto corporation. Only public corporations are allowed to be
formed under special laws. If a private corporation is formed under a special statute, there has been no
valid attempt at legal incorporation, hence it cannot be claimed that it has de facto standing.
2. Corporations are divided into four categories: nonprofit, municipal, professional, and business. There
are two sorts of business corporations: publicly traded and privately held.
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Module 5: Activity Assessment
1. Yes. This is true for registration under the Foreign Investment Act of 1991, as revised by RA 8179, as
long as all of the conditions for incorporators under the Corporation Code are met.
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Module 6: Activity/Assessment
1. First the company name already exists. It has to be modified. Second, the main office or principal
place of business should be more precise. The principal office should have an accurate address,
according to the SEC's applicable rules and regulations.
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Module 7: Activity/Assessment
1. Directors, executives, and shareholders are the three persons who share power and control in a
corporation. Directors are the corporation's managers, while officers are in charge of day-to-day
decisions and work more closely with employees.
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