Assumption 2

The companies Construcciones Prez S.A. and Nieto CIM S.A. They want to participate in a public works contest for the construction of a municipal swimming pool. In order to establish a synergy between the two and thus present a more competitive economic proposal, they have decided to establish an agreement. They intend to create a new company with a duration limited to the duration of the project, and lacking legal personality.

What type of Join Ventures does it require to adopt for the tender of the contest?

a) A temporary union of companies (U.T.E.).

b) An agency contract.

c) A group of economic interest (A.I.E.S.).

d) A participation account.

Who is responsible for the administration of this Join Venture?

a) To the current administrators of each of the companies.

b) An Board of Directors created expressly for this agreement.

c) A unique manager.

d) None of the above answers is correct.

Assumption 3

The company Puertas del Norte S.A. is dedicated to the development and installation of garage doors. It was incorporated as a public limited company in 2015 and currently has two partners that accumulate in its possession the total shares of the company, its capital stock being fully paid up and its amount being 90,000 euros.

In 2016, it obtained a profit after tax of 25,000 euros, with its turnover of 3,450,000 euros and its average number of workers 40.

How much benefit should a legal reserve be allocated if, at the end of 2013, it has a balance of 15,000 euros?

a) 3,000 euros.

b) 5,000 euros.

c) 2,500 euros.

d) 2,000 euros.

What is the deadline for approval of the annual accounts?

a) In the six months following the holding of the General Meeting of Shareholders.

b) Before the end of the year.

c) In the six months after the end of the year.

d) In the term established in the bylaws.

Does the company have an obligation to present the necessary audited annual accounts for 2013?

a) Yes, since its share capital is greater than 60,000 euros.

b) No, corporations are not required to do so.

c) No, since it meets two of the three requirements that exempt it from doing so.