Week 2 Corporate Law Revision

Descripción

Test sobre Week 2 Corporate Law Revision, creado por Anna Maria el 01/03/2021.
Anna Maria
Test por Anna Maria, actualizado hace más de 1 año
Anna Maria
Creado por Anna Maria hace más de 5 años
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Resumen del Recurso

Pregunta 1

Pregunta
Entity shielding refers to...
Respuesta
  • the rules that protect the personal assets of a firm’s owners from the firm’s creditors
  • the rules that protect a firm’s assets from the personal creditors of the owners

Pregunta 2

Pregunta
What are the core features of a company?
Respuesta
  • legal personality
  • shared ownership
  • non-transferable shares
  • entity shielding
  • owner shielding
  • delegated management

Pregunta 3

Pregunta
It is impossible to lift (pierce) the corporate veil.
Respuesta
  • True
  • False

Pregunta 4

Pregunta
Shares in a company may be exchanged for a higher price than their face value.
Respuesta
  • True
  • False

Pregunta 5

Pregunta
In Germany delegated management consists of...
Respuesta
  • the supervisory board
  • the delegated board
  • the executive board

Pregunta 6

Pregunta
Private companies are easy to value as there is a lot of information about them openly available.
Respuesta
  • True
  • False

Pregunta 7

Pregunta
According to Salmon v Salmon the corporate personality principle and limited liability have the same meaning.
Respuesta
  • True
  • False
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