MUTLIPLE CHOICE TEST
Please circle the right answer(s).
1. Can a corporation before the registration date with the commercial and company registry enter into
a lease agreement on the future premises of the corporation?
a. No, it does not have moral personality
. Yes, it does not have moral personality
c. Yes, it has moral personality
d. No, it has moral personal
2. When does the corporation acquire the moral personality?
a. On the date of the conclusion of the articles of association
. On the date of registration with the commercial and company registry
c. On the date of the filing of the application for registration with the commercial and company registry
d. Neve
3. In which document is drafted the purpose of the company on which the partners agreed?
a. the articles of association
. the extract of the commercial and company registry
c. Such document does not exist.
4. Is a contract signed by a director of a company in violation
each of the corporate purpose valid
towards the co-contracting party if this one was in good faith?
a. Yes
. No
5. Who is the director of a SARL?
a. The President b. The manager
c. The President of the Board of Director d. The General Directo
6. Where are the powers of the director of a SARL set?
a. In the commercial code
. In the article of association
c. In both commercial code and the article of association
d. If not in the article of association, it must be refe
ed to the commercial code
7. How can an individual entrepreneur protect his private asset and property from recover and seizure
actions from creditors?
a. In filing a declaration as a “Entreprise Individuelle à Responsabilité Limitée »/ Individual Entreprise with
limited risks
. In creation a Entreprise Unipersonnelle à Responsabilité Limitée / Unipersonal Entreprise with limited
isks
c. He can declare as unseizable all rights on the building which is his main domicile.
8. The “Entreprise Individuelle à Responsabilité Limitée »/ Individual Entreprise with limited risks is a legal
entity.
a. This assertion is right
. This assertion is wrong
9. What is the minimum capital of a SA?
a. There is no minimum
XXXXXXXXXX €
c XXXXXXXXXX €
d XXXXXXXXXX €
10. Which are the legal general powers of the board of directors of a SA?
a. Survey the General Director management of the firm
. Survey the shareholders activity
c. Manage the company
d. Orientation of the business, evocation of any relevant issues to the operation of the company and
survey
11. Is an assembly of shareholder a body of company?
a. Yes
. No
12. Which contribution can a partner
ing to the capital of a corporation?
a. Contribution in cash
. Contribution of tables, computers, chairs and product stocks
c. Contribution of trademark and design rights
d. Contribution of debts
13. How many partners must there be in a corporation?
a. 2 partners
. 1 partners
c. 3 partners
d. 4 partners
14. Can a director refuse his mission as a director on the date of his appointment?
a. Yes
. No
15. Who has the largest powers in a SA – joint-stock corporation
a. The President of the Board of directors
. The General Director
c. The Board of Director
d. The General Assembly
16. Mr. X is ma
ied with Ms. X under the common legal regime. Mr. X would like to purchase a corporate
share. Will his wife become automatically shareholder just like him, without taking part to the purchase
agreement?
a. Yes
. No
17. A company has unpaid debts towards a creditor (bank, land tenant for ex.). The creditor takes a legal
action against the partner and claim for the reimbursement of said debt. Does the creditor as such has
some chance of success?
a. Yes
. No
c. Yes, if the partner entered into a personal guarantee agreement with the bank in order to guarantee
unpaid debts of the corporation.
d. Maybe…
18. Can a company be held liable for a criminal infraction committed by one of his agents (non-employee)?
a. Yes
. No
19. “Minority shareholders are not able to vote during extraordinary assemblies”. Is this assertion co
ect?
a. Yes
. No
20. “A joint-stock company can have an unlimited numbers of partners”. Is this assertion co
ect?
a. Yes
. No