BUSINESS LAW

EXAM

MODEL

NAME…………………………………...
GROUP…………………….

(0,2 points X 10 = 2 points)

1. A selling contract is:

a) a bilateral contract;
b) an act made by onerous title;
c) an act made by gratuitous title;
d) an aleatory act;
e) none of the above

2. The companies can only be set up in one of the following juridical forms:
a) limited partnership;
b) individual enterprise;
c) family enterprise;
d) limited liability company;
e) none of the above

3. The dissolution of the contract:

a) applies in instantaneous execution contracts
b) applies in successive execution contracts
c) needs an essential non-performance of the obligation
d) can be the effect of a non-essential non-performance, but it must have a repetitive character
e) leads to cancelation of the contract only for the future
f) none of the above

4. The professionals, in the view of the new civil code, are:

a) are the non-profit organisations
b) expressly enumerated in the law;
c) all persons licensed to perform economic activities;
d) the ones managing an enterprise, the activity of this enterprise being an systematic exercise for
producing, administrating or selling goods, services.
e) none of the above.
5. The restrained concrete capacity begins:
a) when the person reaches the age of 12;
b) from the moment of birth;
c) when the person reaches the age of 14;
d) when the person reaches the age of 18;
e) none of the above

6. Not respecting the form requested ad validitatem (for the validity) for the contract:
a) does not affect the validity of the juridical act, but only the possibility of proving its existence;
b) leads to relative nullity;
c) leads to absolute nullity;
d) does not have any consequence as long as both parties still agree to execute their obligations
according to the clauses mentioned in that certain juridical act;
e) none of the above

7. Are mandatory contributions to social (legal) capital:

a) contributions in kind
b) contributions in cash
c) contributions in debts for company of persons
d) headquarters of the company
e) none of the above

8. The preference agreement is:

a) a formal contract
b) an act which has to belong to the public circuit
c) the clause by which the debtor has to respond to his creditor’s competitors offers by offering
the same conditions or end the contract
d) the act by which the promisor assumes the obligation to propose the contract to the promise
before any other person
e) none of the above

9. The individual enterprise

a) is the economic enterprise, with legal personality, for which the law provides a special
corporate tax
b) is a company by shares with both limited and unlimited liabilities for the shareholders
c) is an economic enterprise, without legal personality, organized by an individual entrepreneur
d) is the the natural person authorized to perform any kind of economic activity permitted by
law, mainly using mainly its workforce;
e) none of the above.
10. The Constitutive act of a limited liability company must contain:-
a) the identification elements of the associates
b) the company’s object of activity, specifying the field of action and the main activity;
c) the number and nominal value of the bonds
d) the shares for the passive (sleeping) partners of a limited partnership
e) none of the above

(1,5 points ) 11. Present the main features of limited liability company.

( 1,5 points) 12. Explain what do you understand by “binding force of the contracts”. Are
there any limitations from it?

(1 point) 13. Present the liquidators (official receivers) duties in case of a liquidation
following the merger of a joint-stock company and limited liability company.