Appointing an auditor in Limited Liability Company becomes obligatory upon a request of: *

A partner or more representing 1/3 of the capital

A partner or more representing 1/4 of the capital

A partner or more representing 1/5 of the capital

A partner or more representing 1/2 of the capital

Which statement among the following is true about the business concern? *

It should not have licenses, trade name, copyright, etc.

It should not aim for profit

It has a separate legal identity

It does not have a separate legal identity

Adam and Khaled are the managers of an Unlimited Partnership. On the 3rd of March, they both agreed that Adam would manage the partnership alone, but did not register this change at the commercial register. Thus: *

Other businesses will choose whom to deal with among the two partners

The decision will have a direct effect on other businesses

The decision will not have an effect on third parties

This is impossible because two managers are required to manage the Unlimited Partnership

The statute is manifested in _______ more than in_______ . *

Copartnery; Corporation

Copartnery; Partnership

Partnership; Corporation

Corporation; Partnership

In a Joint Stock Company, shareholders are: *

Considered merchants and have an unlimited liability

Not considered merchants and have a limited liability

Not considered merchants and have no liability

Not considered merchants and have an unlimited liability

In order to get information about a partnership, you should go to the: *

Official Gazette

Real Estate Register

Chief Clerk of the Commercial Register

Local Newspaper

The corporate personality means that the company: *

Cant enter into transactions

Cant sue and be sued in its own name

Cant own property

Is a juristic person that has a legal entity