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29185833
Week 2 Corporate Law Revision
Description
Quiz on Week 2 Corporate Law Revision, created by Anna Maria on 01/03/2021.
Quiz by
Anna Maria
, updated more than 1 year ago
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Created by
Anna Maria
over 3 years ago
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Resource summary
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
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
legal personality
shared ownership
non-transferable shares
entity shielding
owner shielding
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
the supervisory board
the delegated board
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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