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Instructions:
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3. Explain the reason behind the State’s exercise of its police power. Cite
specific instances through which the State exercises this power over
business organizations. Does the State’s exercise of police power
somehow promote fair competition in business? Discuss.
6. Employees enjoy the right to the free disposal of their wage. Given this
right, what are the requirements prescribed by law for employees to
comply with such a policy? Discuss.
9. Cite at least five ways through which the Corporation Code of the
Philippines protects the following:
a. Stockholders;
b. Creditors of the corporation;
c. Members of the Board of Directors.