Terminologies

32問 • 1年前

問題一覧

is an artificial being created by operation of law having the right of succession and the powers, attributes and properties expressly authorized by law or incident to its existence.

Corporation

is the given fixed or definite value of a share in the articles of incorporation.

Par Value

is a type of stock that a new company gives to people who help promote the company.

Promotion Shares

are shares subject to an escrow agreement, that is, an agreement under which the shares are deposited by the grantor or his agent with a third person

Shares of Escrow

which are usually preferred are frequently issued subject to redemption at the option of either the corporation, the stockholder, or both, at a definite price representing premium above the amount originally paid.

Redeemable Shares of Stock

are owned by the corporation having been reacquired by the issuing corporation by "purchase, redemption, donation or through some other lawful means." It has no voting rights or rights as to dividends or distributions.

Treasury Shares

whether natural or juridical to organize and put up a corporation.

Allowance for a Single Person

A corporation with a single stockholder is considered a

One Person Corporation

refer to organizations exercising corporate power under colour of a more or less legally constituted corporation.

De Facto Corporation

an inquiry made into the right of a corporation to conduct business.

Quo warranto

It is preclusion, which prevent a man from denying a fact in consequences of his own previous act, allegations, or denial of a contrary tenor.

Estoppel

Is a directors must himself director be a director of the corporation.

Chairman of the Board

The powers of this person a corporation are vested in him by law or the by-laws; otherwise, he has no power over the corporate property and business than has any other director.

President

In the absence of the president, or if the office of the president becomes vacant

Vice President

must be a resident citizen of the Philippines. It is generally its duty to make and keep corporate records;

Secretary

signifies the number of persons belonging to a corporation required to transact business.

Quorum

are persons who serve as member of the board of directors of two or more competing corporations or corporations engaged in practically the same kind of business

Interlocking Directors

It means literally to establish a prior right.

Pre emptive right

means the profits or that portion of the profits of the corporation which its board of directors, by proper resolution, sets apart for rotable distribution among the stockholders.

Dividends

the difference between the total present value of its assets, after deducting losses and liabilities, and the amount of its capital stock.

Surplus Profit

is one payable in money.

Cash Dividend

is a dividend payable in stock instead of cash or property.

Stock Dividend

The directors in their discretion may authorize distributions in bonds or in property, such as warehouse receipts for whiskey or shares of stock of a subsidiary corporation.

Property Dividend

is a writing or a certificate issued to a stockholder entitling him to the payment of money or the like at some future time inasmuch as the company, at the time the scrip dividends are declared, has profits not in cash.

Scrip Dividend

involves the distribution of assets by a corporation to its stockholders upon dissolution.

Liquidating Dividend

an agreement under which the board of directors of a corporation delegates the powers of management to another person or corporation for a period of time provided for in the agreement.

Management Contract

The acts of a corporation within its express or implied powers.

Intra Vires

The acts of a corporation outside its express or implied powers.

Ultra Vires

In corporation law, is a person who votes for and this represents the stockholders or members.

Proxy

the uniting or amalgamation of two or more existing corporations to form a new corporation.

Consolidation

a union effected by the absorbing of one or more existing corporations by another which survives and continues the combined business.

Merger

The parties to a combination by consolidation or merger.

Constituent Corporation

finals week2

Julliana Carandang · 13問 · 1年前

finals week2