EASY
1. Mr. Hen Nardez, married, only had one legitimate child, 20 years old who died within the year.
His personal and additional exemption would be:
a. 75,000
b. 50,000
c. 25,000
d. 20,000
e. 28,000
Answer: A
2. State which administrative regulation need not be published
a. Interpretative regulation
b. Legislative regulation
c. Contingent regulation
d. Supplemental
Answer: A
3. Which of the following is not part of the Philippine archipelago?
a. Sulu archipelago
b. Batanes group of Islands
c. Kalayan group of Islands
d. Turtle and Mangsee Islands
Answer: C
4. Which of the following is not included in the definition of the Government of the Republic of the
Philippines?
a. Autonomous regions
b. Local government units
c. State universities and colleges
d. Government-owned and controlled corporations performing proprietary functions
Answer: D
5. What is not a ground for impeachment?
a. Frauds
b. Treason
c. Other high crimes
d. A betrayal of public trust
Answer: A
MODERATE
6. Ad interim appointments are effective immediately, without need for the confirmation by the
Commission on Appointments, but they are effective until:
a. Approved by the President
b. Disapproved by the President
c. Approved by the Commission on Appointments
d. Disapproved by the Commission on Appointments
Answer: D
7. In a case, a very old woman executed a will. A friend, a cousin, and a notary public came to
witness the will. Due to old age she thumbmarked the will instead of signing it. The friend signed
the pages on the right margin, thinking it looked better. The cousin did not see this because his
eyes were on a painting that hanged on a nearby wall. Finally, the notary public notarized the
will. The will is invalid because
A. the cousin looked away just as the friend was signing the will.
B. the testator failed to subscribe the will.
C. the friend signed at the right margin.
D. of lack of sufficient witnesses.
Answer: D
8. SUJU Corporation, through its Board of Directors and with the unanimous approval of the
stockholders declared to grant stock dividends to its stockholders for the year 2008 amounting
to 79 Billion Pesos. After examining the books and other records of the corporation, Sungmin
Lee, Vice President for Finance, discovered that the authorized capital stock of the Corporation is
almost depleted, that is almost all were already issued and the remaining cannot
accommodate the needed stocks for stock dividend distribution. The Corporation though was
liquid in cash and has retained earnings amounting to 365 Billion Pesos. How should the Board of
Directors of SUJU Corporation best act on it?
a. Issue a Board Resolution deferring the distribution of dividends for the said year.
b. Increase the authorized capital stock and amend the Articles of Incorporation of SUJU
Corporation to cater to the needed stocks for stock dividend distribution.
c. Divide the remaining unissued stocks pro rata to the stockholders as stock dividends.
d. Recall its previous Resolution declaring stock dividends and in its stead, issue another
Resolution declaring cash dividends for year 2008.
Answer: B
9. To prove that Susan stabbed her husband Sergio, Pete testified that he heard Rico running down
the street, shouting excitedly, Sinaksak daw ni Susan ang asawa niya! Ricos declaration is
A. admissible as part of res gestae.
B. inadmissible as hearsay.
C. admissible as independently relevant statement.
D. inadmissible as a mere opinion.
Answer: B
10. In the CBA, the parties categorically agreed that all disputes shall be referred to the grievance
machinery and voluntary arbitration procedure. Meanwhile, the Union immediately filed notice
of strike for ULP. May the Company request the NLRC to issue a writ of injunction?
a. No, because there is a valid ground to declare a strike
b. Yes, because of the CBA provision
c. No, unless the Company is indispensable to the national interest
d. Yes, if the writ of injunction will be issued by NLRC en banc.
Answer: B
DIFFICULT
11. After examining the corporate records of X Corporation, the BIR discovered that the said
corporation improperly retained substantial amounts of its earnings accumulated during the
years 1999-2002. For some reason, the BIR was not able to immediately commence collection
proceedings against X Corporation. It was only after six years that the BIR assessed X Corporation
for improperly accumulated earnings tax, in preparation for collection proceedings against the
said corporation. X Corporation protested on the ground of prescription. Rule on the protest.
a. The protest should be denied because the period of prescription is 10 years, and it has
not yet lapsed.
b. The protest should be granted because the period of prescription of five years to assess
has indeed lapsed.
c. The protest should be granted because the period of prescription of three years to
assess has indeed lapsed.
d. The protest should be denied because the right of the government to assess and collect
in this case does not prescribe.
Answer: D
12. A qualifying circumstance cannot be presumed, but must be established by
A. proof beyond reasonable doubt
B. clear and convincing evidence
C. substantial evidence
D. preponderance of evidence
Answer: B
13. FYI Corporation has increased its capital stock and new shares of stock are issued. The
stockholders of FYI Corp wish to exercise their pre-emptive right regarding the shares to be
issued. Which of the following shares does a pre-emptive right of stockholders extends?
a. to shares to be issued in compliance with laws requiring stock offerings or minimum stock
ownership by the public
b. to shares to be issued in good faith with the approval of stockholders representing 2/3 of the
outstanding capital stock in exchange for property needed for corporate purposes
c. to shares to be issued in good faith with the approval of the stockholders representing 2/3 of
the outstanding capital stock in payment of previously contracted debt
d. treasury shares reacquired using the funds from the surplus profits of the corporation which
could have been declared as dividends
Answer: D
14. The bank deposit secrecy law bars all inquiries into a bank deposit. A deposit may, however, be
looked into
A. after prior notice to the depositor.
B. upon court order in annulment of marriage cases.
C. in cases of impeachment.
D. on motion in a bribery case.
Answer: C
15. T, a widower, who had two legitimate daughters A and B, died having leaving a will whereby he
disinherited A for having eloped with and married a son of business rival. In the same will, T
instituted B as his sole heir. Ts net hereditary estate worth P120,000 shall be distributed in the
following manner:
a. P90,000 to B and P30,000 to A
b. The whole of P120,000 to B
c. P60,000 to B and P60,000 to A
d. P90,000 to A and P30,000 to B
Answer: A
16. H and W were married in 1990, without any marriage settlements. Upon the death of H in 2010,
and in the liquidation of the absolute community assets and liabilities, which of the following
properties shall be considered as the exclusive properties of H?
a. Properties acquired by H during the existence of the marriage by gratuitous title as well
as the fruits and income thereof
b. Properties owned by H which H acquired by his own industry and efforts before the
marriage
c. Properties owned by H which H acquired by gratuitous title before the marriage
d. Properties owned by H during the existence of the marriage by his own exclusive effort
and industry
Answer: A
