49. In an agency relationship: A) One party (the agent) delegates decision making to another party (the principal), in return for compensation. B) There can be a conflict of interests aggravated by fact that the agent has access to information that the principal ignores. C) There is a conflict of interests aggravated by the fact that the principal has access to information that the agent ignores. D) Gives the agent ownership over the principals assets.

50. Turbo Motors, LLC, has a registered capital of 50.000.000 where each share is of 10. In response to the advertisements made by the company to buy shares in the company, applications have been received for 2.000.000 shares, but the company actually issued 500.000 shares and called for 5 per share. All the calls have been met in full except two shareholders who still owe for their 4.000 shares in total. Choose the correct answer: A) The authorized capital is of 50.000.000 and the issued capital is of 2.500.000. B) The subscribed capital is of 20.000.000 and the paid-up capital is of 2.480.000. C) The called-up capital if of 2.500.000 and the paid-up capital is of 2.560.000. D) The issued capital is of 5.000.000 and the called-up capital is of 2.480.000.

51. Supplementary contributions: A) If established in the bylaws, are mandatory but non-compliance with the obligation to pay them will never affect the position of the shareholder in the company. B) If established in the bylaws, are mandatory to the extent that a shareholder may be subject to removal from the company in case he does not pay them. C) Are only paid in cash and, like any other loan, have a fixed interest rate. D) Provide those who pay them with more voting rights.

52. Company ZZ took a loan from bank XY. On this date bank XY has asked company ZZ to payback the loaned amount. Company ZZ has asked for your advice on how to approach the situation: A) If it is a term loan, company ZZ has to pay on demand. B) If it is a ten-year loan, the capital has to be paid whenever the bank demands it. C) If it is an overdraft, company ZZ will probably have to pay the bank since these overdraft loans are usually repayable on demand. D) If the loan is unsecured, the bank cannot demand payment of the loan and therefore company ZZ may choose not to pay.

53. TORTITA is a company that produces rice cakes and has three shareholders: Anne, Ioanna and Sophie. While developing its business, bank B loaned EUR 200 to the company, bank C loaned EUR 400 to the company, Anne gave an in personam guarantee (without prior excussion) to bank B, Ioanna gave a mortgage over her house (which is worth EUR 200) to bank C and Sophie provided a shareholder loan to the company in the amount of EUR 100. Imagine the company is declared to be insolvent and has no assets. How will banks B and C and Sophie be repaid: A) Bank C will execute the mortgage and receive 400 (it will not lose money), Sophie will not be repaid, and bank B will not be repaid also due to the type of guarantee provided by Anne; B) Sophie will not be repaid, bank C can execute judicially the mortgage and receive 200 (it will lose 200), bank B can receive 200 from Annes personal assets if there are assets in the total value of bank Bs debt; C) No one will be repaid; D) The guarantees provided by the shareholders Anne and Ioanna will be used to pay Sophies loan.