SUBSCRIPTION

Question 1

Doctrine of Individuality of
Subscription

Answer 1

The subscription is one, entire and
indivisible whole contract.
Rationale: to prevent partial
disposition of subscription to make it
easier to sell the shares in case the SH
becomes delinguent

Question 2

pre-incorporation
subscription

Answer 2

Refers to subscription of
shares in a corporation still
to be formed
-Irrevocable for a period of 6
months

Question 3

Requirement during
incorporation

Answer 3

NO minimum subscription and paid up
capital requirement

Question 4

Subscription
Contract

Answer 4

Any contract for the
acquisition of unissued
stock in an existing
corporation or corp still to
be formed

Question 5

provides
that the capital stock, property and
other assets of a corporation are
regarded as equity in trust for the
payment of corporate creditor

Answer 5

trust fund doctrine

Question 6

Share of Stocks

Answer 6

These are forms of securities
representing equity ownership in a
corporation divided into units

Question 7

ACS

Answer 7

the amount fixed in the AOI to
be subscribed and paid by the SH.

The maximum number of shares
that the corporation is legally
alloed to issue without amending
the AOI

Question 8

SCS

Answer 8

the portion of the ACS
which is covered by
subscription agreements
whether fully paid or not

Question 9

OCS

Answer 9

the total shares of stocks
issued under binding
subscription contracts to
subscribers or stockholders,
whether fully or partially paid,
except treasury shares

Question 10

PUCS

Answer 10

the portion of the ACS
which has been subscribed
and paid by the SH of the
corporation