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Subject: Law on
What are the steps in securing a new copy of lost or destroyed certificate of stock?
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- QUESTION 10 In order for a corporation to open a cash account, it would need to send a brokerage firm a copy of a: O Corporate resolution O Corporate charter Both Corporate charter & Corporate resolution O Neither Corporate charter nor Corporate resolution QUESTION 8 In a limited discretionary account, a Registered Rep may do any of the following EXCEPT: Obtain written approval from a principal for each trade executed Execute trades without the verbal approval of the customer Withdraw securities or cash Buy securities that are suitablewhat is Consolidated declarationDirection: Write TRUE if the statement is true and FALSE if the statement is false. _1. A written partnership contract is required to be prepared whenever a partnership is formed. _2. All partnerships are subject to income tax. 3. A partner's contribution in the form of industry or service is recorded by debiting the account "Industry". _4. In the partnership books, there are as many capital and drawing accounts as there are partners. _5.A partners contribution in the form of noncash assets should be recorded at its fair market value in the absence of an agreed value. _6.A partnership is much easier and less expensive to organize than corporation. 7. A newly organized partnership should always open a new set of books . _8. All partnerships have at least one general partner. 9. Each partner generally has the authority to enter into contracts which are binding upon the partnership 10. The property invested in a partnership by a partner becomes the property of the partnership.…
- Q 3. Two companies, ABC and XYZ were incorporated in year 2020 as public (ABC Ltd. Co.) and private (XYZ Pvt. Ltd Co.) company respectively. Give a brief description of privileges enjoyed and restrictions imposed on these companies. If you wish to start any business what type of company you would choose to incorporate. Explain the reason behind your decision.Q. No. 1: Define the following terms as stated in the Companies Act 2017.(i) CDC(ii) Associated Companies(iii) Private Limited Company(iv) Redeemable Capital(v) Special Resolutionplease answer part c. thank you
- Subject: Law on Partnership and Corporation (Philippines) What are the effects of mergers and consolidations?1.What is risk management information system? Identify its benefits. 2.Explain the legal distinction between an agent and a broker.Answer in detail ..... Business law question . what are the circumstances in which premium is returnable by the insurer ?
- Q. No. 4: Write a note on Transfer of Shares and other SecuritiesLPU • Effective April 21, 2014, Philip Luis F. Marin (Marin, for short) was appointed Reservations Officer of Cathay Pacific Airways Ltd (Cathay) for a probationary period of six months. A letter dated March 23, 2014 was given to him specifying his appointment wherein he is to receive a monthly salary including holidays and rest days, with a promise of a salary review upon satisfactory completion of the probationary period. The letter also stated that Cathay reserved the right to terminate (Marin) services during the probationary period if performance proves to be unsatisfactory, in which case will receive the salary due at the time of the termination of his services. Mr. Marin accepted those terms of employment and that he would be reconfirmed as a member of regular staff upon completion of the probationary period. Mr. Marin was briefed and counseled by virtue of a Memorandum which was released by M.A. Canizares (Administrative Supervisor) dated October 15, 2013. It was noted that Mr.…Q. No. 3: What is the procedure for incorporation of a company?