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Question 2 : answer this MCQ and T or F statement following: I 1._A person who is 18 years old must have permission from his guardian if he wants to conclude a training contract by himself. ( ) I 2 _Which of the following ways of termination of agency is done by act of the parties? a. Completion of business by the agent b. Death ofthe principal c. Insolvency of the principal d. Renunciation by the agent I 3_ Marketing agents of a company is an example of special agency. ( )True or False I 4_The severance pay for each of the first five years of service shall be calculated as: a.21 days' wage. b.15 days' wage (2.24 days' wage. d.30 days' wage I 5_ Generally, an agency contract that is concluded without any consideration is a valid contract. ( ) I 6_The partners in an LLC may stop the allocation ofthe reserve if it reaches: a. 10% of the capital. b. 25% ofthe capital c. 50% of the capital. d. 40% ofthe capital I 7_ Public Joint Stock Companies must have a minimum of five founders who will fully subscribe to the capital. ( ) I 8_The minimum amount of capital for an LLC is 5 million AED.( ) I 9_The rules of a company relating to its capital and liability of the shareholders must be included in the company: a. roghureb. b . Memorandum of Association c. Prospectus d. Articles of Association I 10_ The percentage of net profit which an LLC must allocate for the creation of a reserve is: a. 50% b. 10% c. 30% d. 25% I 11_ The minimum amount of capital for a Private Joint Stock Company is: a. AED 10 million. b. AED 2 million c. AED 5 million. d. AED 6 million I 12_ The Commercial Companies Law prohibits an LLC from doing business related to: a. Hotel and Construction. b. Insurance and Investment c. Hospital and Banking. d. Both 'b' and 'c' I 13_ Which of the following companies may be formed by only one UAE natural person? a. A Private Joint Stock Company. b. A Public Joint Stock Company c. A Limited Partnership d. None of the above I 14_ An apprenticeship contract is one whereby a firm owner undertakes to provide full vocational training to another person who has completed at least: a. 14 years of age. b. 16 years of age c. 18 years of age. d. 12 years of age I 15_ If a stockbroker sells the shares of the principal at a price lower than that which the principal ordered, the stockbroker would be in breach of: a. Fiduciary duty. b. Duty of care c. Duty to perform acts personally. d. Duty of obedience I 16_ Which of the following clauses is included in the (ADA) of a company? a. Capital clause. b. Object clause c. Registered office claus. d. General meetings clause I 17_A worker who has completed one year of service shall, for each year of service, be entitled to an annual leave of not less than: a. 21 days a year. b. 2 days a month c. 30 days a year. d. 3 days a month I 18_ All types of companies and partnerships in the UAE must have at least 50% national shareholding. ( ) I 19_A definite term employment contract can only be terminated by mutual agreement ifthe worker's consent is given in writing. ( ) I 20_A Private Joint Stock Company may not carry out insurance business. ( ) I 21_ In LLCs, all partners must be UAE nationals. ( )