Final answer:
False, false. A foreign corporation without a license can be sued in the Philippines, and a written demand for payment in the exercise of appraisal rights does not suspend stockholder's rights.
Step-by-step explanation:
(1) A foreign corporation doing business in the Philippines without a license may be sued but it cannot sue
(2) A written demand for payment of the fair value of the shares made in the exercise of the appraisal right will suspend the stockholder's rights
The correct answer is C. False, false.
In the case of (1), a foreign corporation doing business in the Philippines without a license can be sued under Philippine law. However, according to Section 133 of the Corporation Code of the Philippines, it can also sue if it has obtained a license to do business in the country.
Regarding (2), a written demand for payment of the fair value of the shares made in the exercise of the appraisal right does not suspend the stockholder's rights. The right of appraisal allows a dissenting shareholder to demand payment of the fair value of their shares in certain corporate transactions.