
Business law
Authored by Bence Czigány
Education
1st - 5th Grade
Used 19+ times

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12 questions
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1.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Liquidated damages (penalty)
are
paid only if there
is an actual damage
are paid by the non
-
breaching party
are paid even if
there is no actual
damage
can be agreed by the
parties
only for delay
2.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
The goal of the bankruptcy (administration) is to
re-organize the debtor company by making a settlement with creditors
re-organize the creditors
pay the creditors by selling the assets of the debtor company
prepare the winding up of the debtor company
3.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
In company law the term ‘limited liability’ means that
the directors of the company have limited liability towards the creditors
the company has a limited liability towards its shareholders
the company has a limited liability towards its creditors
the shareholders of the company have limited liability towards the creditors
4.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A company acquires legal personality when/by/if
he share capital is paid in
it issues the first invoice
it is registered by the competent authority
its first managing director is appointed
5.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Which is not a condition of a lawful expropriation, under the rule of law?
it must be made in the public interest
it must be made only in exceptional cases defined by the law
it can be made only once a year against the same private owner
t must be made against full indemnity
6.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
A void contract
does not exist
is a crime
is a tort
is not legally binding
7.
MULTIPLE CHOICE QUESTION
45 sec • 1 pt
Shylock and Bassanio made a contract of
partnership
sale
loan
agency
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