Commercial Law, 2012 Bar — Question 52

MULTIPLE CHOICE

Father X, an American priest who came from New York, registered the Diocese of Bacolod of the Roman Catholic Church which was incorporated as a corporation sole. There were years when the head of the Diocese was a Filipino, but there were more years when the heads were foreigners. Today, the head is an American again. Y donated a piece of land located in Bacolod City for use as a school. Which statement is most accurate? A) The Register of Deeds of Bacolod City can refuse to register and transfer the title because the present head of the corporation sole is not a Filipino. B) The nationality of a corporation sole depends upon the nationality of the head at any given time. C) A corporation sole, regardless of the nationality of the head, can acquire real property either by sale or donation. D) A corporation sole is not legally allowed to own real property.

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