Who has the sole power to declare a state of war?
Congress alone can declare a state of war through a two-thirds vote of both houses in a joint session assembled.
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From what source must the board of directors declare dividends, and in what forms may they be paid?
From what source must the board of directors declare dividends, and in what forms may they be paid? The board of directors of a stock corporation is authorized to declare dividends only out of the unrestricted retained earnings of the corporation (SEC. 42, Revised Corporation Code of the Philippines). Dividends may be made payable in
