2013 (Mercantile Law) Bar Exam Questions: Multiple Choice Question 3

[Answer/discuss the question below. Or check Mercantile Law Instructions; Mercantile Law Essay Questions: 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10; Mercantile Multiple Choice Questions: 1, 24, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14 and 15; See also 2013 Bar Exam: Information, Discussions, Tips, Questions and Results]

III.

Dennis subscribed to 10,000 shares of XYZ Corporation with a par value of P100 per share. However, he paid only 25% of the subscription or P250,000.00. No call has been made on the unpaid subscription.

How many shares is Dennis entitled to vote at the annual meeting of the stockholders of XYZ? (1%)

(A) 10,000 shares

(B) 2,500 shares

(C) 100 shares

(D) 0 shares

(E) None of the above.

5 comments

    1. Hahaha typo and mental error, tnx for correcting. Delinquent subscriber pala ang ibig ko sabihin, natawa na lang ako mag isa pag basa ko sa comment mo. Lintek na tax ito, kahit sa ibang subject pumapasok sa utak ko, hahaha.

Leave a Reply

Your email address will not be published. Required fields are marked *