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The subject is legal strategy. Please answer all 3 questions. Thank you in advance. Choose all that cannot be changed through agreement between parties. Actions
The subject is legal strategy. Please answer all 3 questions. Thank you in advance.
Choose all that cannot be changed through agreement between parties.
- Actions against public order are null and void
- Claims not exercised for a long time can no longer be enforced ("statute of limitations")
- Money and goods are exchanged simultaneously when goods are sold
- Ownership rights confer full control over an asset.
- One can annul without consequences a sales transaction conducted with a sales representative visiting residences, up to one week from the visit.
Choose all that are appropriate regarding sole proprietorships and corporations.
- If there is no public regulation governing an economic activity, one may immediately start a business without completing any formalities as a sole proprietorship.
- Given that lenders to a stock company can only lay claim to the assets owned by the company, laws prescribe the minimum amount of assets that must be held by stock companies
- The owner of a sole proprietorship faces unlimited liability.
- In startups, sole proprietorships have more credibility than corporations.
- As businesses grow larger, it would be possible to streamline legal relations through incorporation.
Choose the most appropriate statement regarding the description of a stock company.
- The establishment of a stock company requires parliamentary approval.
- The stock company is, by design, suited to collect small investments from a large number of people.
- Directors of a stock company should be selected from corporate insiders knowledgeable about the business of the company.
- The managers of a stock company is collectively liable to the business counterparts of the company.
- High-ranking officers of a stock company must hold equity in that company
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