29185833
Description
Quiz by Anna Maria, updated more than 1 year ago
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Created by Anna Maria
over 5 years ago
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Question 1
Question
Entity shielding refers to...
Answer
-
the rules that protect the personal assets of a firm’s owners from the firm’s creditors
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the rules that protect a firm’s assets from the personal creditors of the owners
Question 2
Question
What are the core features of a company?
Answer
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legal personality
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shared ownership
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non-transferable shares
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entity shielding
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owner shielding
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delegated management
Question 3
Question
It is impossible to lift (pierce) the corporate veil.
Answer
- True
- False
Question 4
Question
Shares in a company may be exchanged for a higher price than their face value.
Answer
- True
- False
Question 5
Question
In Germany delegated management consists of...
Answer
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the supervisory board
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the delegated board
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the executive board
Question 6
Question
Private companies are easy to value as there is a lot of information about them openly available.
Answer
- True
- False
Question 7
Question
According to Salmon v Salmon the corporate personality principle and limited liability have the same meaning.
Answer
- True
- False
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