Commercial Law, 2013 Bar — Question MC-VII

MULTIPLE CHOICE

The BIR assessed ABC Corp. for deficiency income tax for taxable year 2010 in the amount of P26,731,208.00, inclusive of surcharge and penalties. The BIR can ___. (1%) A) run after the directors and officers of ABC Corp. to collect the deficiency tax and their liability will be solidary; B) run after the stockholders of ABC Corp. and their liability will be joint; C) run after the stockholders of ABC Corp. and their liability will be solidary; D) run after the unpaid subscriptions still due to ABC Corp., if any; E) None of the above choices is correct.

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