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DrJZ

Authored by J. Z

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10 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The following Article confirm that the Federal Constitution is the Supreme law in Malaysia

Article 160

Article 13

Article 153

Article 4(1)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is CORRECT?

A sole proprietorship is considered a separate legal entity

A sole proprietorship is where one person owns the business

A sole proprietorship has a limited liability

The liability of a sole proprietor is limited to the amount of unpaid capital only

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A partnership may be dissolved in the following circumstances, EXCEPT

Death or bankruptcy

Supervening illegality

Agreement

Order of the Registrar

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The criteria for establishing the existence of a partnership are:

more than two partners; doing business in common and with a view of profit

two and above partners; doing business in common and with a view of profit

more than two partners; doing business in common, with a view of profit and registered

two and above partners; doing business in common, with a view of profit and registered

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A person who wishes to become a director of a company must be at least

18 years old

21 years old

24 years old

16 years old

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A pre-incorporation contract is

a contract entered by a promoter prior to the incorporation of a company

a contract entered by a director prior to the incorporation of a company

a contract entered by a lawyer prior to the incorporation of a company

a contract entered by the majority shareholders prior to the incorporation of a company

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following statements is CORRECT of a limited liability partnership (LLP)?

LLP must have a minimum 2 partners, and there is a maximum limit of 50

LLP must have a minimum 2 partners, and there is a maximum limit of 20

LLP must have a minimum 2 partners, and there is a maximum limit of 50 for professional practice

LLP must have a minimum 2 partners, and there is no maximum limit

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