Week 2 Corporate Law Revision

Beschreibung

Quiz am Week 2 Corporate Law Revision, erstellt von Anna Maria am 01/03/2021.
Anna Maria
Quiz von Anna Maria, aktualisiert more than 1 year ago
Anna Maria
Erstellt von Anna Maria vor mehr als 3 Jahre
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Zusammenfassung der Ressource

Frage 1

Frage
Entity shielding refers to...
Antworten
  • 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

Frage 2

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

Frage 3

Frage
It is impossible to lift (pierce) the corporate veil.
Antworten
  • True
  • False

Frage 4

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

Frage 5

Frage
In Germany delegated management consists of...
Antworten
  • the supervisory board
  • the delegated board
  • the executive board

Frage 6

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

Frage 7

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