8/7/22, 10:10 PM Quiz: UNIT ACTIVITY 9: BYLAWS

UNIT ACTIVITY 9: BYLAWS

Started:
Aug 7 at 7pm

Quiz Instructions
INSTRUCTION: In this unit activity, you are expected to demonstrate understanding of the
nature and concepts of corporate By-laws learned from the discussion. Since it is couched in
a Multiple Choice item, choose the letter which best answer the given statements. Each
correct answer will earn one (1) point.

Question 1 1 pts

Private laws enacted by the corporation to regulate, govern, and control its own
actions, affairs and concerns and its stockholders or members and directors and
officers with relation thereto and among themselves in their relation to it.

By-laws

Articles of Incorporation

Resolution

Rules, regulations and discipline

Question 2 1 pts

I. Purpose of a By-law is to regulate the conduct and define the duties of the
members towards the corporation and among themselves.

II. By-laws are the relatively permanent and continuing rules of action adopted by
the corporation for its own government and that of the individuals composing it
and having the direction, management and control of its affairs, in whole or in part,
in the management and control of its affairs and activities.

Only I is true

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8/7/22, 10:10 PM Quiz: UNIT ACTIVITY 9: BYLAWS

Only II is true

Both are true

Both are false

Question 3 1 pts

I. The by-laws shall be signed by the stockholders or members voting for them
and shall be kept in the principal office of the corporation.

II. A copy of the by-laws, duly certified by a majority of the directors or trustees
and countersigned by the secretary of the corporation, shall be filed with the SEC
and attached to the original AOI.

Only I is true

Only II is true

Both are true

Both are false

Question 4 1 pts

I. It is the generally accepted rule that third persons are bound by by-laws.

II. By-laws may be necessary for the “government” of the corporation but these
are subordinate to the Articles of incorporation.

Only I is true

Only II is true

Both are true

Both are false

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8/7/22, 10:10 PM Quiz: UNIT ACTIVITY 9: BYLAWS

Question 5 1 pts

I.  By-laws may be adopted and filed prior to incorporation.

II. In all cases, by-laws shall be effective only upon the issuance by the SEC of a
certificate that the By-laws are in accordance with the Revised Corporation Code.

Only I is true

Only II is true

Both are true

Both are false

Question 6 1 pts

It is a condition precedent in the acquisition of corporate existence.

By-laws

Articles of Incorporation

Shares of stocks

Rules, regulation and discipline

Question 7 1 pts

I. The owners of majority of the outstanding capital stock or majority of the

members in a non-stock corporation may delegate to the board of directors or
trustees the power to amend or repeal any by-laws or adopt new by-laws.

II. The amended or new by-laws shall only be effective upon the issuance by the
SEC of a certification that the same are not inconsistent with the Revised
Corporation Code.

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8/7/22, 10:10 PM Quiz: UNIT ACTIVITY 9: BYLAWS

Only I is true

Only II is true

Both are true

Both are false

Question 8 1 pts

I. By-laws shall be considered as revoked whenever stockholders owning or

representing 2/3 of the outstanding capital stock or 2/3 of the members in ono-
stock corporations, shall so vote at a regular or special meeting.

II. Whenever the bylaws are amended or new bylaws are adopted, the corporation
shall file with the SEC such amended or new-by-laws.

Only I is true

Only II are true

Both are true

Both are false

Question 9 1 pts

It constitute the charter or fundamental law of the corporation.

Articles of Incorporation

By-laws

Rules, regulations and discipline

Certificate of Incorporation

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8/7/22, 10:10 PM Quiz: UNIT ACTIVITY 9: BYLAWS

Question 10 1 pts

A private corporation may provide the following in its by-laws:

The modes by which a stockholder, member, director, or trustee may attend meetings
and cast their votes.

The form for proxies of stockholders and members and the manner of voting them

The manner of election or appointment and the term of office of all officers other than
directors or trustees.

All of the above.

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