1-Assume that there is promissory note, maker is A, payee is B. At the back of the promissory note there are endorsements of B, C and D. You are last holder of a promissory note that has maturity date 08.03.2021.

1. To be able to get your credit to whom first you have to apply?
2. If the signature of C is invalid (void) due to his full incapacity, will it affect the validity of the promissory note? Explain shortly.

2-You wish to establish a capital partnership having legal personality to make business on import machines. Which organization type would you prefer? Why, explain with advantages. Write the names of mandatory organs and give short information about them.

3-In application there are few general partnerships and commandite companies? Explain the reason.

4-Compare the liabilities of partners and legal representatives in limited liability companies and stock corporations for private and public debts of the company.

5-Explain the liabilities of partners in ordinary partnerships.