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

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

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

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

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

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.

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

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

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

Owners of sole proprietorships have the right to sell their sole proprietorships to other individuals and organizations.

ABC Joint Stock Company has A, B, C, D owning 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.

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

The second meeting of the General Meeting of Shareholders is conducted when the number of shareholders attending the meeting represents more than 33% of the total number of shareholders.

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

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

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

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

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

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.

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

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

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.

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.

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.

Bankruptcy always results in the termination of a business.

Only the government can initiate bankruptcy proceedings against an enterprise.

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.

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

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

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

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

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

ABC Joint Stock Company has A, B, C, D owning 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.

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

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.

Dividends can be paid only in cash.

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

The minimum number of limited partners in Partnerships is 1.

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

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

A mortgage agreement/contract is an independent contract.

Silence from the offeree always means acceptance of the offer.

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

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

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

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

Only general partners in a partnership may become its Director.

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

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.

All employment contracts must be in written form.

A sole proprietorship may contribute capital to establish a joint stock company.

A partnership is required to have a Board of Directors and a General Director.

The General Meeting of Shareholders (GMS) in a JSC can only proceed when all shareholders are present.

A sole proprietorship is a legal entity separate from its owner.

In a joint stock company, the General Meeting of Shareholders is an optional body.

All joint stock companies must have a Supervisory Board (Board of Controllers), regardless of shareholder structure.

Multi-member LLC can raise capital by issuing shares to the public.

A single-member LLC is a legal entity separate from its owner.

A sole proprietorship can issue shares to raise capital.

The owner of a single-member LLC has unlimited liability.

A joint stock company must have at least two shareholders.

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

According to the Civil Code, a contract is an agreement that creates, changes, or ends civil rights and obligations.

An implied contract can be formed even without spoken or written agreement, as long as the parties demonstrate mutual intent.

A contract must always be in writing to be enforceable under Vietnamese law.

The owner of a single-member LLC signs a decision to convert it into a joint-stock company. This conversion is legally allowed.

A supermarket displays goods and prices. A customer puts apples in the basket and pays at checkout. This is an implied offer.

Mr. Hung posts a flyer on public electric poles stating: "Reward 5 million VND to anyone who finds my dog and brings it to me." A student finds the dog and brings it to Mr. Hung. Mr. Hung refuses to pay, stating he didn't sign a contract with the student. In this case, Mr. Hung is legally required to pay the 5 million VND.

Characteristics of Sole Proprietorship

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

How many Sole Proprietorships can individual establish?

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

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

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

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

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?

What are shareholders?

Which company has the right to issue bonds?

A joint-stock company is an enterprise:

How many limited partners does a partnership need?

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

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?

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?

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

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

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

What is bankruptcy?

How can enterprises be classified based on legal forms?

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

How can enterprises be classified based on the legal status?

Which law belongs to Private Law?

Which law belongs to Public Law?

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?

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

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?

Which right(s) does an employee have?

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

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

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?

Conditions for an entity to be able to conduct business:

Which of the following best defines an insolvent enterprise?

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

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 ______

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

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

An oral or verbal contract means:

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

What distinguishes a mortgage from a pledge?

At a validly convened LLC Members' Council meeting, members representing a total of 80 billion VND in capital are present (100 billion VND in charter capital). 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 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)?

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?