What legal form should be adopted to sell a business?

• written form with notarized signatures

• notarial deed

• written form

• oral form

In a public company, the supervisory board consists of at least

• 1 member

• 3 members

• 5 members

• the law does not regulate this

When can a joint-stock company start its operational activities?

• after financing all shares by the shareholders

• after receiving a tax identification number (NIP)

• after signing the statute in the form of a notarial deed

• after registration in the court

What is the minimum nominal value of shares in a limited liability company?

• 50zl

• 100zl

• 1zl

• 1gr

Mr. T has 1000 shares of corporation X with a nominal value of 10 PLN each and a market value of 50 PLN each. The shares have been paid for. He then sold them to Mr. Z for 8000 PLN. What is the consequence of such a sale?

• the sale is invalid

• the sale is valid

• the sale is valid, but Mr. Z owes the company 2000 PLN

• the sale is valid, but Mr. T owes the company 2000 PLN

Shareholder X owns 10% of the shares of the corporation X-Com, all of which are privileged in terms of dividends, so they exceed the normal dividend by half. No one else holds privileged shares in terms of dividends. If the total dividend of the corporation this year amounts to 105,000 PLN, then Mr. X will receive

• 10,500 PLN

• 15,000 PLN

• 20,000 PLN

• 10,000 PLN

Pan X, Pan Y and Pan Z want to establish a European company. What minimum capital do they need to raise?

• 100,000 PLN

• 500,000 PLN

• 100,000 EUR

• 120,000 EUR

Criminal compensation in Polish legal order

• Does not exist, but may be recognized if granted in a foreign judgment

• Exists, but is rarely granted

• Exists and is often granted

• Does not exist and cannot be recognized if granted in a foreign judgment

A member of the board in a joint-stock company is legally obliged to

• Follow the instructions of the General Meeting

• Is not legally obliged to follow any instructions

• Follow the instructions of the supervisory board

• Follow the instructions of the shareholders who elected him in the elections

What type of legal system is in effect in the United States?

• Civil law

• Religious law

• Common law

• Common law