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Ill. Essay Questions. Write a short essay to answer the question. MGM (15x2pt= 30pt) 1. What are the legal differences between companies and general partnerships?

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Ill. Essay Questions. Write a short essay to answer the question. MGM (15x2pt= 30pt) 1. What are the legal differences between companies and general partnerships? (10pt) Explain the rights of shareholders and the obligations of directors, as provided by the general company law? (10pt) 2. What is force majeure? Can you give an example? Explain the situations in which the breaching party may be granted exemption under the general contract law. (10 pt)

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