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Worksheets

PLKT CLC

Total questions: 91

Worksheet time: 2hrs 17mins

Name
Class
Date
1.

Phuong Anh Limited Liability Company has four members, with Ms. Phuong being one of them. Due to personal reasons, she wishes to withdraw her capital contribution. In accordance with the law, Ms. Phuong is entitled to offer her capital contribution for sale to individuals outside the company immediately.

a)

True

b)

False

2.

The owner of a single-member limited liability company can only be an individual.

a)

True

b)

False

3.

The organizational and management structure of a one-member limited liability company owned by an individual only includes the company president.

a)

True

b)

False

4.

Limited Partners in a partnership have the right to legally represent the partnership.

a)

True

b)

False

5.

A Partnership is required to have at least 2 limited partners and they can be either individuals or organisations.

a)

True

b)

False

6.

A limited liability company with 2 or more members must have at least two legal representatives.

a)

True

b)

False

7.

Members in a limited liability company with two or more members shall make capital contributions to the company sufficiently and with the types of assets as committed upon enterprise establishment registration within 3 months after the grant of the enterprise registration certificate.

a)

True

b)

False

8.

In all cases, shareholders have the right to freely transfer their shares to others.

a)

True

b)

False

9.

Shareholders who own voting preference shares have the right to participate in the General Meeting of Shareholders.

a)

True

b)

False

10.

The board of partners of a partnership includes only general partners.

a)

True

b)

False

11.

ABC Joint Stock Company has A, B, C, Downing common shares; E owns voting preference shares; F owns dividend preference shares; and G owns redeemable preference shares. The company's general meeting of shareholders includes A, B, C, D, F, and G.

a)

True

b)

False

12.

The Board of Directors is the highest decision-making body of a joint stock company.

a)

True

b)

False

13.

The second meeting of the General Meeting of Shareholders is conducted when the number of shareholders attending the meeting represents more than 50% of the total votes.

a)

True

b)

False

14.

An owner of a sole proprietorship may become a general partner in a partnership if all partners in this partnership approve.

a)

True

b)

False

15.

A joint stock company with more than 11 shareholders must always have a Supervisory Board.

a)

True

b)

False

16.

A limited liability company can be divided into several new companies, and the original company continues to exist.

a)

True

b)

False

17.

After a consolidation, the consolidated companies continue to exist as subsidiaries of the new company.

a)

True

b)

False

18.

Mr. Ha is one of the members of Hoa Binh Limited Liability Company with 2 or more members. As Mr. Ha did not approve the resolution of the company's Board of Members regarding the company's reorganization, he requested the company to buy back his capital contribution. This action is in accordance with the provisions of the law.

a)

True

b)

False

19.

Executive officers and managers in 100% state-owned enterprises are allowed to establish Sole Proprietorships.

a)

True

b)

False

20.

The owner of a single-member limited liability company can only be an individual.

a)

True

b)

False

21.

A general partner must not be the owner of a sole proprietorship; may not be a general partner of another partnership unless it is accepted by other partners.

a)

True

b)

False

22.

When a Judge makes a decision to declare bankruptcy of a business, financial obligations to the State are given priority in payment before unpaid salaries owed to employees.

a)

True

b)

False

23.

The legal representative of an enterprise is the person who is obligated to file a request to open bankruptcy proceedings when the enterprise becomes insolvent.

a)

True

b)

False

24.

Bankruptcy always results in the termination of a business.

a)

True

b)

False

25.

Only the government can initiate bankruptcy proceedings against an enterprise.

a)

True

b)

False

26.

Owners of Sole Proprietorships are not entitled to contribute capital to establish or purchase shares or capital contributions in a limited liability company or joint-stock company.

a)

True

b)

False

27.

All limited liability companies with 2 or more members are required to have a supervisory board in the company's organizational management structure.

a)

True

b)

False

28.

Unsecured creditors are obliged to file a request to open bankruptcy proceedings when an enterprise becomes insolvent.

a)

True

b)

False

29.

The General Meeting of Shareholders includes all voting and non-voting shareholders.

a)

True

b)

False

30.

Shareholders who own dividend preference shares have the right to vote at the General Meeting of Shareholders.

a)

True

b)

False

31.

The board of partners of a partnership includes only general partners.

a)

True

b)

False

32.

ABC Joint Stock Company has A, B, C, Downing common shares; E owns voting preference shares; F owns dividend preference shares; G owns redeemable preference shares. The company's general meeting of shareholders includes A, B, C, D, F, and G.

a)

True

b)

False

33.

The Board of Directors is the highest decision-making body of a joint stock company.

a)

True

b)

False

34.

The second meeting of the General Meeting of Shareholders is conducted when the number of shareholders attending the meeting represents more than 50% of the total votes.

a)

True

b)

False

35.

Dividends can be paid only in cash.

a)

True

b)

False

36.

When an employee is sexually harassed in the workplace, they can unilaterally terminate their contract without prior notice.

a)

True

b)

False

37.

The minimum number of limited partners in Partnerships is 1.

a)

True

b)

False

38.

The minimum number of legal representatives in Joint Stock Companies is 1.

a)

True

b)

False

39.

The minimum number of legal representatives in Multi-member Limited Liability Companies is 2.

a)

True

b)

False

40.

A mortgage agreement/contract is an independent contract.

a)

True

b)

False

41.

Silence from the offeree always means acceptance of the offer.

a)

True

b)

False

42.

Criminal liability applies solely to corporate legal entities which commit crimes.

a)

True

b)

False

43.

When an employee is not assigned to the work as agreed in the employment contract, they can always unilaterally terminate their labour contract.

a)

True

b)

False

44.

A counter-offer by the offeree is considered an acceptance of the original offer.

a)

True

b)

False

45.

Force majeure events may exempt a party from civil liability unless otherwise agreed by the parties.

a)

True

b)

False

46.

Only general partners in a partnership may become its Director.

a)

True

b)

False

47.

An owner of a Sole Proprietorship may become a general partner in a partnership if all partners in this partnership approve.

a)

True

b)

False

48.

In a commercial contract, the penalty for breach depends on the agreement of both parties but shall not exceed 8% of the value of the contract.

a)

True

b)

False

49.

Characteristics of Sole Proprietorships

a)

A Sole Proprietorship is a one-owner business

b)

Sole Proprietorships do not have legal status

c)

The owner of a Sole Proprietorship has unlimited liability for all debts arising during the operations of the Sole Proprietorship

d)

All are correct

50.

Which of the following cases is allowed to establish a Sole Proprietorship?

a)

Officers and non-commissioned officers in agencies and units of the Vietnam People's Army

b)

None of the answers are correct

c)

Executive officers and managers in 100% state-owned enterprises

d)

People serving a prison sentence

51.

How many Sole Proprietorships can an individual establish?

a)

1 Sole Proprietorship

b)

2 Sole Proprietorships

c)

No restrictions

d)

Individuals do not have the right to establish

52.

Conditions for an entity to be able to conduct business:

a)

No specific conditions required

b)

Operating in areas not prohibited by law

c)

Operating in areas permitted by law

d)

Operating in areas not prohibited by law; for regulated professions, meeting specified conditions is necessary. Additionally, for professions requiring a practicing certificate, the business owner must possess one

53.

Which partners of a partnership have the right to legally represent the company?

a)

General partners

b)

Limited partners

c)

Both general partners and limited partners

d)

None of the above answers are correct

54.

A general partner in a partnership company may only transfer part or all of his/her capital contribution to the company to another organization or individual if:

a)

Obtains approval from all partners of the company

b)

Obtains approval from limited partners

c)

Obtains approval from either general partners or limited partners

d)

Obtains approval from the remaining general partners

55.

Which creditors have the right to participate in the Creditors' Conference?

a)

Partially secured creditors and unsecured creditors

b)

Partially secured creditors

c)

Unsecured creditors

d)

Creditors named in the list of creditors

56.

Mr. An, Mr. Binh, Ms. Phuong and Ms. Linh contributed capital together to establish Phong Linh partnership. Among the above members, at least how many people need to be general partners of the Phong Linh partnership?

a)

1

b)

2

c)

3

d)

4

57.

In a limited liability company with 2 or more members, the second Board of Members meeting is held when the number of attending members owning what percentage or more of the charter capital?

a)

50%

b)

55%

c)

65%

d)

70%

58.

What are shareholders?

a)

Individuals/Organisations who own at least 1 share of a joint-stock company and are solely responsible for debts and other financial obligations within the contributed capital

b)

Individuals/Organisations responsible for the company's day-to-day business operations

c)

Managers with the authority to sign company transactions on behalf of the company, following the provisions of the company's Charter

d)

Individuals/Organisations directly manage finances by researching and analyzing financial plans

59.

Which company has the right to issue bonds?

a)

Limited liability company with 2 or more members

b)

One-member limited liability company

c)

Sole Proprietorship

d)

A and B

60.

A joint-stock company is an enterprise:

a)

Having at least 3 individual shareholders

b)

Having at least 3 institutional shareholders

c)

Having at least 3 individual/institutional shareholders

d)

Having at least 2 individual/institutional shareholders

61.

How many limited partners does a partnership need?

a)

None required

b)

At least 1

c)

At least 2

d)

The minimum is 2, and the maximum is 10

62.

In a partnership, how many general partners need to approve a decision related to the orientation for the development of the partnership?

a)

At least 1/2

b)

At least 1/3

c)

At least 2/3

d)

At least 3/4

63.

When subjected to mistreatment or physical abuse by the employer, the employee has the right to unilaterally terminate the labor contract. What is the required notice period in such circumstances?

a)

3 days

b)

Without prior notice

c)

10 days

d)

30 days

64.

When an employee voluntarily resigns from their job without a legitimate reason for 5 consecutive working days or more, the employer has the right to unilaterally terminate the labor contract. What is the required notice period in such circumstances?

a)

3 days

b)

Without prior notice

c)

10 days

d)

30 days

65.

Based on the form of contract, how many types of labor contracts are there?

a)

01

b)

02

c)

03

d)

04

66.

A shop owner leaves water on the floor and a guest slips. This is an example

a)

None of the answers are correct

b)

Unintentional fault

c)

No fault

d)

Contractual liability

67.

Which of the following does NOT lead to the termination of an offer?

a)

The offeree rejects the offer

b)

The offer is accepted

c)

The deadline for acceptance expires

d)

The offeree remains silent in all cases

68.

What is bankruptcy?

a)

Bankruptcy is a situation in which an enterprise or cooperative is insolvent and is declared bankrupt by the People's Court

b)

Bankruptcy is a situation in which an enterprise or cooperative is insolvent

c)

Bankruptcy is a situation involving a bank

d)

Bankruptcy is a situation in which an enterprise or cooperative is nearly insolvent and is declared bankrupt by the People's Court

69.

How can enterprises be classified based on legal forms?

a)

Sole Proprietorships and Partnerships

b)

Partnerships, Limited Liability Companies (one-member and multi-member), and Joint-Stock Companies

c)

Sole Proprietorships, Limited Liability Companies (one-member and multi-member), and Joint-Stock Companies

d)

Sole Proprietorships, Partnerships, Limited Liability Companies (one-member and multi-member), and Joint-Stock Companies

70.

How can enterprises be classified based on the main purpose of operation?

a)

Non-profit organizations only

b)

Seeking profit only

c)

Seeking profit or for the community

d)

Dedicated to social or environmental impact

71.

How can enterprises be classified based on the legal status?

a)

With and without legal status

b)

With legal status only

c)

Without legal status only

d)

Small enterprises with legal status

72.

Which law belongs to Private Law?

a)

Constitutional Law

b)

Criminal Law

c)

Taxation Law

d)

Contract Law

73.

Which law belongs to Public Law?

a)

Company Law

b)

Administrative Law

c)

Property Law

d)

Tort Law

74.

When a general partner voluntarily withdraws capital from the partnership, for how many year(s) does the general partner still share liability for the company's debts that occur before the termination date and are equal to his/her total assets?

a)

1 year

b)

2 years

c)

3 years

d)

4 years

75.

In which case(s) an employment contract can be suspended?

a)

An employee is conscripted into the army or militia

b)

An employee is sent to a reformatory school, drug rehabilitation center or correctional facility

c)

A female employee is pregnant

d)

All answers are correct

76.

When an employee is absent from work without acceptable excuses for at least 5 consecutive working days, can the employer unilaterally terminate the employment contract?

a)

The employer is not allowed

b)

The employer is allowed, but they must inform the employee in advance

c)

The employer is allowed, and they do not have to inform the employee in advance

d)

None of the answers are correct

77.

Which right(s) does an employee have?

a)

Work; freely choose an occupation, workplace, or occupation; participate in basic and advanced occupational training

b)

Establish, join a representative organization of employees, occupational associations, and other organizations in accordance with the law

c)

Refuse to work if they find that the work directly threatens their life or health

d)

All of the answers are correct

78.

A document with a different name is also considered an employment contract if it contains:

a)

The agreement on the paid job, salary, management, and supervision of a party

b)

The agreement on the paid job and salary

c)

Salary and management and supervision of a party

d)

Management and supervision of a party

79.

Which content(s) is(are) not necessary in an employment contract?

a)

Job and workplace

b)

Duration of the employment contract

c)

Content and duration of the protection of the business secret

d)

All of the answers are correct

80.

How many days does an employer have to inform their employees when the employer assigns an employee to perform work not prescribed in the employment contract?

a)

3 days

b)

4 days

c)

3 working days

d)

4 working days

81.

Which of the following best defines an insolvent enterprise?

a)

An enterprise with negative profit for 3 years

b)

An enterprise that fails to pay its taxes

c)

An enterprise that fails to meet debt obligations for 3 months after the due date

d)

An enterprise that is under investigation by the police

82.

Which of the following is NOT a subject who may file a bankruptcy petition under Vietnamese law?

a)

A creditor with unsecured debt

b)

A secured creditor whose collateral is insufficient to cover the debt

c)

An employee of the enterprise

d)

A tax authority

83.

Unsecured creditors are individuals, agencies, and organizations that have the right to request enterprises and cooperatives to fulfill their obligation to pay debts that are

a)

secured by assets of the enterprise, cooperative, or a third party

b)

not secured by assets of the enterprise, cooperative, or a third party

c)

secured by assets of the enterprise, cooperative, or a third party, where the value of the secured property is lower than that of the debt.

d)

All of the answers are correct.

84.

Secured creditors are individuals, agencies, and organizations that have the right to request enterprises and cooperatives to fulfil their obligation to pay debts that are

a)

secured by assets of the enterprise, cooperative, or a third party

b)

not secured by assets of the enterprise, cooperative, or a third party

c)

secured by assets of the enterprise, cooperative, or a third party, where the value of the secured property is lower than that of the debt.

d)

All of the answers are correct.

85.

Which of the following is NOT a characteristic of a contract?

a)

It must be formed voluntarily and equally by the parties

b)

It arises from a human act

c)

It creates, modifies, or terminates legal rights and obligations

d)

It is primarily concerned with the material interests of the parties

86.

An oral or verbal contract means:

a)

The contract is only valid if recorded

b)

The agreement is made through spoken communication

c)

It must be written and signed by both parties

d)

The contract is based only on body language

87.

What best defines an offer in contract law according to the Civil Code 2015?

a)

A final contract between two parties

b)

An advertisement to the public

c)

A clear expression of the offeror's intention to enter into a contract with a specific party or the public

d)

A discussion about contract terms

88.

What distinguishes a mortgage from a pledge?

a)

The property is handed over to the other party

b)

The property is sold to pay off the debt

c)

There is no written agreement involved

d)

The property is used to secure a debt but is not handed over

89.

At a validly convened LLC Members' Council meeting, members representing a total of 80 billion VND in capital are present. A vote is held to amend the company charter (a major decision). How much of the represented capital must vote "Yes" for the resolution to pass?

a)

At least 40.1 billion VND

b)

At least 52 billion VND

c)

At least 60 billion VND

d)

80 billion VND

90.

A Multi-Member LLC has 100 billion VND in charter capital. Its first Members' Council meeting is called, but only members with 60B VND (60%) attend, so it fails. A second meeting is called. At this second meeting, members with 55B VND (55%) attend. Is this second meeting validly convened (has a quorum)?

a)

No, the quorum for the second meeting is still 65%.

b)

No, the quorum for the second meeting is 60%.

c)

Yes, the quorum for the second meeting is at least 50%.

d)

None of the answers are correct.

91.

Two individuals (not merchants) sign a civil contract for Mr. A to renovate Mr. B's house for 300 million VND. The contract has a 20% penalty clause for late completion. Mr. A is late. How much is the penalty?

a)

24 million VND

b)

60 million VND

c)

0 VND, because 20% is illegally high

d)

None of the answers are correct