Commercial Law

What is a juridical person?

• Non-human legal entity

• human legal entity

• Non-commercial entity

• Kiki entity

To ensure that enterprises may conduct their activity, they require a "_________"

The Juridical personality allows for the _______ and ________

A juridical person is endowed with juridical personality which is known as a

• Collective person

• Object of Commerce

• Social Person

• Legal Entity

Sole proprietorship in the English law has what advantage?

• no formalities

• limited formalities

• unlimited personal liabilities

• limited liabilities

In the General partnership, if a partner exceeds its actual authority given in the agreement, remaining partners will be bounded by the act. This is known as the_________

The main downside of a sole proprietorship is __________

A Limited Partnership must have at least one general partner who has __________

• limited liability

• ostensible authority

• unlimited liability

• freedom of contract

Company with limited liability has the legal personality which the consequence for that is the company:

• Has rights & obligations under the law

• Can sue or be sued

• Have the capacity to own property in it's own rights

• Capable of making contract on it's own behalf

• Personal liability of its member is limited to the amount they have invested in.

What is a debenture

• a debt instrument used by large companies to borrow money, at a fixed rate of interest.

• a contract between juridical entity to perform an act of distribution of assets

• a legislation made by the government to ensure the debts are being paid accordingly

• Kiki's friend