MOCK BAR EXAMINATION QUESTIONS IN

CRIMINAL LAW
6.

Which one of the following is not a characteristic of a voting trust agreement?

a. A voting trust is created for the purpose of conferring upon the trustee the

right to vote and other rights pertaining to the shares.

b. A voting trust is irrevocable during the time stipulated.
c. The stockholder remains the beneficial or equitable owner of the shares while

the trustee is the legal owner.

d. All voting trust agreements shall not exceed five (5) years.

7.

As used in the Corporation Code, outstanding capital stock means:

a.
b.
c.
d.

8.

Which is not a consequence of the corporations separate personality?

a.
b.
c.
d.

9.

The same as authorized capital stock.

The same as subscribed capital stock.
It represents the paid up capital stock.
The total shares issued to subscribed or stock holders, whether or not, fully or
partially paid, as long as there is a binding subscription agreement, except
treasury shares.

The corporation has a nationality or citizenship.

The corporation may sue but it cannot be sued.
The corporation may acquire and dispose of properties.
The corporation may enter into contracts with another corporation.

Under the provisions of the Carriage of Goods by Sea Act, claim has to be made for
the damage sustained by goods.
a. The claim should be made upon receipt when the damage or average could
be ascertained from the outside.
b. The claim should be made within twenty four (24) hours from receipt when
the damage or average could be ascertained from the outside.
c. The claim should be made within twenty four (24) hours from receipt when
the damage or average could be ascertained only upon opening the package.
d. The claim should be made within three (3) days from receipt when the
damage or average could be ascertained from the outside.

10.

A policy of insurance is contestable:

a.
b.
c.
d.

if it is a life insurance policy

within 2 years from its inception or last reinstatement
on the ground of concealment or misrepresentation
if all the above is present