Relative nullity occurs when: *

a-There is a lion clause

b-The victim is a minor (his age is 17 years)

c-The object is illegal

d-The company did not complete the procedural requirements

Partnerships include: *

a-Joint Stock company

b-Limited Partnership by shares

c-Unlimited Partnership

d-Holding company

In the Partnership, raising money is done ______ . *

a-by sale of shares and bonds

b-from government assets

c-from anyone

d-from current partners assets

The right to ask for a fair rent is legal right that is granted to: *

a-The owner of the real estate in which the business concern is operating the landlord

b-mortgagor

c-Creditor of the Business concern

d-The purchaser of the Business concern

The brokers commission is fixed: *

a-By usages and customs unless agreed upon parties

b-Always by parties agreement

c-Always by ordinary decree

d-Always by decrees

If the commercial representative is a Partnership, which of the following conditions must apply? *

a-All its shares should be registered

b-Its capital must be totally owned by Lebanese persons

c-The majority of its capital must be owned by Lebanese persons

d-Two thirds of the members of its board of directors must be of Lebanese nationality

Which of the following statements about the business concern is true? *

a-The personality of the owner is not separated from the personality of the business concern

b-The personality of the owner is separated from the personality of the business concern

c-It is type of businesses which is formed by several shareholders

d-It is merely composed of tangible elements

The formation of a _______ is made by a simple agreement and doesnt require, in principle, any formalities. *

a-Civil company

b-Limited Liability Company

c-Joint Stock Company

d-Holding Company

Consent, object, cause and capacity are from the ________ conditions that govern the formation of a company. *

a-peculiar

b-procedural

c-formal

d-substantive