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RESA - RFBT PART 2 QUESTIONS AND ANSWERS |100% PASS

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  • 2024/2025
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RESA - RFBT PART 2 QUESTIONS AND ANSWERS |100% PASS b. 2/3 - Answer-Any director or trustee of a corporation may be removed from office by a vote of the stockholders holding or representing at least ___________ of the outstanding capital stock. a. 1/2 b. 2/3 c. 3/4 d. All c. Per diems - Ans...

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  • October 7, 2024
  • 19
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • 2024/2025
  • 2024/2025
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EmillyCharlotte
EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024




RESA - RFBT PART 2 QUESTIONS
AND ANSWERS |100% PASS

b. 2/3 - Answer✔✔-Any director or trustee of a corporation may be removed from office by a vote of

the stockholders holding or representing at least ___________ of the outstanding capital stock.


a. 1/2


b. 2/3


c. 3/4


d. All


c. Per diems - Answer✔✔-In the absence of any provision in the bylaws fixing their compensation, the

directors or trustees shall not receive any compensation in their capacity as such, except for reasonable

________.


a. Honorariums


b. Talent fee


c. Per diems


d. None of the above


b. Solidarily - Answer✔✔-Directors or trustees who willfully and knowingly vote for or assent to patently

unlawful acts of the corporation or who are guilty of gross negligence or bad faith in directing the affairs

of the corporation or acquire any personal or pecuniary interest in conflict with their duty as such

Page 1/19

,EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024


directors or trustees shall be liable ______________ for all damages resulting therefrom suffered by the

corporation, its stockholders or members and other persons. B


a. Jointly


b. Solidarily


c. Both A & B


d. None of the above


c. 2/3 - Answer✔✔-The owners of _________ of the outstanding capital stock may delegate to the board

of directors the power to amend or repeal the bylaws or adopt new bylaws.


a. 1/2


b. Majority


c. 2/3


d. 3/4


b. Majority - Answer✔✔-The owners of _________ of the outstanding capital stock may revoke the

delegated power of the board of directors to amend or repeal the bylaws.


a. 1/2


b. Majority


c. 2/3


d. 3/4




Page 2/19

, EMILLYCHARLOTTE 2024/2025 ACADEMIC YAER ©2024 EMILLYCHARLOTTE. ALL RIGHTS RESERVED
FIRST PUBLISH SEPTEMBER 2024


c. April 15 - Answer✔✔-Regular meetings of stockholders or members shall be held annually on a date

fixed in the bylaws, or if not so fixed, on any date after ______ of every year as determined by the board

of directors or trustees.


a. January 15


b. March 15


c. April 15


d. December 15


a. One - Answer✔✔-Special meetings of stockholders or members shall be held at any time deemed

necessary or as provided in the bylaws: Provided, however, that at least ______ week/s written notice

shall be sent to all stockholders or members, unless a different period is provided in the bylaws, law or

regulation.


a. One


b. Two


c. Three


d. Ten


b. 20% - Answer✔✔-The board of the following corporations vested with public interest shall have

independent directors constituting at least _______________ of such board.


a. 10%


b. 20%



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