WorksheetsBusiness law
Total questions: 12
Worksheet time: 9mins
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
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
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
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
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
A void contract
does not exist
is a crime
is a tort
is not legally binding
Shylock and Bassanio made a contract of
partnership
sale
loan
agency
You are in good faith if
you do not breach a contract you are party to
you know that the appearance does not correspond to the actual reality
you know that the appearance does correspond to the reality
you do (and should) not know that the appearance does not correspond to the reality
In case of the sale of a movable good the ownership is transferred in principle by
the conclusion of the contract
the handing over of the good
the full payment of the price
the full payment of the price and the handing over of the good
“Something” can be registered as a trade mark if it
has a commercial value
might have a commercial impact
is capable of being represented graphically
has already been used for more than 10 years
In case of defective performance the non-breaching party may not
amend the contract
withhold performance
claim for compensation
request replacement
Which is not a necessary item of the contract?
agreement of the parties
signatures of the parties
legal effect
binding effect
