When an agreement has been signed between an agent and a third party on behalf of a disclosed principal Which of the following statement is correct None of the above The agent may enforce the agreement against the third party and the third party may enforce it against the agent The principal may not enforce the agreement against the third party and the third party may enforce it against the principal The principal may enforce the agreement against the third party and the third party may enforce it against the principal Which of the following is correct statement regarding international treaties The CISG is a convention related contracts for the provision of services when parties to a contract are in different states provided that both states are contracting states The WIPO is a treaty that organizes investment relations regarding water internationally piped onshore since water and electricity are not covered by the CISG The COMESA Treaty is a treaty that creates a different customs rate between Egypt and countries that are not located in the European Union The TRIPS Agreement is an Agreement by which any Arbitration Award issued by a tribunal located in a member states become enforceable in another member state Which of the following is correct in Limited Partnerships with regards to Limited Partners A LP has the right to manage the company but his liability is only limited to his capital contribution A LP has the right to contribute in capital, gain profit but not manage or bind the partnership None of the Above A LP has the right to manage, contribute to capital and manage the partnership BCD is a manufacturer of Computers and pays a salary of 1000$ per month to Sales People and a 5 commission per sale BCD Sales People are employed by Agreement which included a clause that states any employee responsible for a sale is entitled to a commission on the date of billing provided that such employee remains an employee of the company John works for BCD and sold a Computer to Bob worth 750,000 USD Commission is paid when the Customer is billed After selling the Laptop and after approval of BCD John promised Bob that he will provide him with a training Program too start on May 1 for two months Bob sent the purchase order on March 1st but was billed on March 30th John was fired on March 15, BCD fired John for not meeting his Sale Quota Frank was hired to replace John at BCD If John sues Bob for the representing the training service which John gave to Bob, the most likely outcome would be John will win based on quasi contract John will win based on quasi perfomance John will win based on quantam meruit John will win based on quantam faith Which one of the following statements is true Copyright must be registered in order to gain protection A patent must not be registered in order to gain protection The owner of a patent cannot license it but can prevent others using his invention The owner of a patent can license it and can prevent others using his invention Where the offeror has promised to keep open an offer for a specific period of time, he she may not revoke the offer before the expiry of the time limit provided that this is not an option contract may revoke the offer before the time has expired where this has been communicated to the offeree must keep the offer open for this period of time may revoke the offer before the expiry of the time limit provided that this is an option contract Where an offer does not stipulate an expiry date, it will remain open for a reasonable time, after which it will automatically expire forever, until accepted by the offeree until expressly revoked by the offeror Until an offer is made With regards to Investment in Egypt which would be the correct statement regarding incentives given Investors get benefit from a reduced Customs Rate if they operate in the Public Investment Zones provided that thy are operational within 3 years as of the date the Investment Law was passed Provided that thy are operational within 3 years as of the date the Investment Law was passed Investors get a reduced Tax Rate when they operate in a Tax Haven Provided that thy are operational within 3 years as of the date the Investment Law was passed Investors get a Tax Cut of 50 in Zone A and 80 in Zone B Investors get a Tax Cut of 30 if they operate in Zone B provided that thy are operational within 3 years as of the date the Investment Law was passed An offer can be terminated in a number of ways Which ONE of the following is NOT an effective way to terminate an offer Rejection of the offer prior to acceptance Lapse of time Revoking the offer prior to acceptance Revoking the offer following acceptance Omar has worked for Alpha Co for 20 years as an employee responsible to purchase Computers for Alpha Co , During his time at Alpha Co, Omar always purchased computers from Beta (A Computer Manufacturer) Recently Alpha Co has hired Khaled to purchase Computers and Alpha has informed Omar that he is no longer responsible for this task on January 1st On January 15th Omar called Beta and ordered 10 new Computers Beta shipped the Computers and respective invoice to Alpha Alpha refuses to pay If Beta sues Alpha for the amount, is Alpha Liable No, because Khaled has actual authority No, because Omar has actual authority Yes, because Omar has apparent authority Yes, because Omar has inherent authority A Contract signed between E (a resident of 6th of October) and F (a resident of Alexandria) stipulated that any dispute arising out of the Agreement will be handled by the ICC E alleges that F breached the Contract and that E is entiled to received the amount of 50,000 USD since B did not handover an a Machine located in Zamalek If E wants to file a case against F for specific performance Where should E file the case The Primary Court located in Alexandria or Maadi The Appeal Court in Maadi since the Machine is physically in Maadi Neither the Primary Court in Maadi nor Alexandria The Appeal Court in 6th of October since E is resident of 6th of October A sells a horse to B a horse which A knows to be crazy A says nothing to B about the horse craziness A is probably guilty of Misrepresentation Mistake Undue Influence What is the principal effect of a counter offer A counter offer destroys the original offer and replace it with a new offer A counter offer creates a new offer, but the original offer is still capable of being accepted A counter offer creates a binding contract based on the terms of the original offer only if the terms of the counter offer is more beneficial to the initial party making the offer A counter offer creates a binding contract based on the terms of the counter offer Which of the following statements about a company making a contract through agents is correct A company is only legally bound by a contract made on its behalf by an agent if its constitution expressly allows the appointment of agents A company is only legally bound by a contract made on its behalf by an agent if the agent is an officer of the company A company is legally bound by any contract made on its behalf by an agent with authority A company is only legally bound by a contract made on its behalf by an agent with written authority granted under company seal A Contract signed between E (a resident of 6th of October)and F (a resident of Alexandria) stipulated that any dispute arising out of the Agreement will be handled by the ICC E alleges that F breached the Contract and that E is entitled to received the amount of 50,000 USD since B did not handover an a Machine located in Zamalek If E wants to file a case against F for specific performance If E filed the case in the Court of Maadi, which would be the outcome The Primary Court will not look at questions of Law nor fact The Primary Court will look at both questions of Fact and Law The Primary Court will look at questions of Law but not facts The Primary Court will look at questions of facts but not Law How is duress evidenced in the agreement to a contract i) bad bargain ii) Illegitimate pressure iii) A false statement that has induced the other party into the contract iv) There was no other option for the party than to accept the contract i and iii i iv ii and iv Alpha, Beta, Gamma and Delta created a Limited Partnership and each put 100,000 EGP as capital Omar entered into three separate contracts with the Partnership each contract was signed by a different partner Alpha, Beta and Delta each signed a contract on behalf of the Partnership The Partnership breached all three contracts If Omar sues the Partnership for damages in the amount of 500,000 EGP for all three contracts Which of the following is correct Gamma and Beta but not Alpha nor Delta may be liable for the full amount Alpha and Delta but not Gamma may be liable for the full amount Alpha, Gamma and Delta may be held liable for the entire amount only up to their capital contribution Alpha, Beta and Gamma may be held liable for the full amount Omar invented a device that teaches Puppies to sing provided that the puppies are a certain breed and under 6 months John tried the device on Tommy and it actually worked and Tommy was able to bark the rhythm of any song that Omar played through the device Excited with this new idea and believing that he can make millions out of this invention Omar filed the required documents to register a Trademark for a company that he had established with Sherif The Trademark which consisted of the letters O S was approved Sara who is Omar's friend was there when Omar got Tommy to sing XXXX After a fight between them she took a picture of the invention and went to an AUC Student to copy it Omar heard of this and decided to sue Sara Mostafa had taken a video of Tommy singing and sent it to Sherine who was creating a documentary on Dogs Sherine used the video in her award winning documentary If a case was filed against Sherine based on IP Infringement who would most likely win Tommy since he performed the song Omar Since Omar owns the copy right Omar since Omar patented the device Mostafa since he owns the copyright Which of the following would not qualify as a mark Toys R us Reebok The Green Family Fun Experience North Omar invented a device that teaches Puppies to sing provided that the puppies are a certain breed and under 6 months John tried the device on Tommy and it actually worked and Tommy was able to bark the rhythm of any song that Omar played through the device Excited with this new idea and believing that he can make millions out of this invention Omar filed the required documents to register a Trademark for a company that he had established with Sherif The Trademark which consisted of the letters O S was approved Sara who is Omar's friend was there when Omar got Tommy to sing XXXX After a fight between them she took a picture of the invention and went to an AUC Student to copy it Omar heard of this and decided to sue Sara Mostafa had taken a video of Tommy singing and sent it to Sherine who was creating a documentary on Dogs Sherine used the video in her award winning documentary In a case between Omar and Sara who would win Omar because Sara stole his idea Omar because he already registered the Trademark Sara because she created the device Sara because Omar did not file the copy right BCD is a manufacturer of Computers and pays a salary of 1000$ per month to Sales People and a 5 commission per sale BCD Sales People are employed by Agreement which included a clause that states any employee responsible for a sale is entitled to a commission on the date of billing provided that such employee remains an employee of the company John works for BCD and sold a Computer to Bob worth 750,000 USD Commission is paid when the Customer is billed After selling the Laptop and after approval of BCD John promised Bob that he will provide him with a training Program too start on May 1 for two months Bob sent the purchase order on March 1st but was billed on March 30th John was fired on March 15, BCD fired John for not meeting his Sale Quota Frank was hired to replace John at BCD If John sues BCD to collect the Commission what would the outcome be Frank will win because he replaced John BCD will win because John should not take the commission John will win because he made a promise to Bob for the training program John will win because has old the Computer to Bob ABC partnership is formed between A, B and C the Partnership hired Omar to deliver goods to Clients While making a delivery, Omar went off the road and hit a pedestrian The Pedestrian filed a case for the injuries suffered What would be the outcome None of the Above Provided that Omar is an employee A, B and C will not be jointly or separately liable Provided that Omar is an independent contractor A, B and C will not be jointly or separately liable Provided that Omar is not an employee A, B and C will not be jointly or separately liable B has filed a Case for breach of Contract against C The Court of First Instance (Primary Court) issued a Judgment which found that the acts of C did not constitute a breach of Contract The Judge issued his Judgment stating that there was no breach of Contract B is not happy with the Judgment B should File an Appeal Case within 60 days from the date Judgment File a Cassation Case with 40 days of the date of Judgment File an Appeal Case within 40 days of the date of Judgment File a Cassation Case within 60 days from the date of Judgment What is the primary weakness of both mediation and conciliation They are extremely expensive They are not adversarial They do not always lead to an outcome They do not involve litigation Partner Advances paid by Partners in a Partnership include Property or Funds given by a Partner not as contribution in Capital Capital contributed to the Partnership in the form of services provided Property given to the Partnership in contribution to Capital Funds or Property given by a Partner as contribution in Capital If XYZ a Legal Entity formed between X, Y and Z When would Z's personal assets be protected from Liability If XYZ is not an LLC If XYZ is a Limited Partnership and both X Y are Limited Partners If XYZ is a General Partnership and Z is a Limited Partner None of the above Which of the following is a correct statement A Creditor has can to keep the good subject to the Security Interest but must not notify other security interest holders in case of default The Debtor has the right to forclose but if the Debor forcloses and the amount does not cover the loan, the Debtor has the right to sue the Creditor ro satisfy the remaineder of the loan A Creditor cannot keep the good subject to the Security Interest but must not notify other security interest holders in case of default A Creditor may Foreclose based on Anticipatory Repudiation of the Creditor reasonable believes that the Debtor will default If an agreement contains an arbitration clause, then The parties can only go to court after they have been to arbitration Either of the parties can choose to go to court If both parties agree, they can choose to go to court The parties can never go to court In 2019, Lender gave Borrower 5,000,000 USD as a Loan by Agreement the Agreement stated that in case Borrower defaults, Lender use as collateral the following A Car, A Machine as well as a profits in 2029 What would be the accurate classification of Lender's Security Interest Lender has a security interest but not a mortgage Lender has a security interest but not a mortgage but has a floating lien Lender does not have a mortgage or an Attachment Lender has a mortgage and security interest since but not a floating lien Which ONE of the following usually not considered to be an offer Goods sold through a vending machine Goods sold online Goods placed in a store Goods in a store brochure Alpha and Beta entered into a contract and agreed that Alpha would send 10 clocks to Beta Alpha who is in the US sent the goods to the port of discharge Prior to arriving to the port of the arrival the good got damaged due to a hurricane Who bears the risk of loss Beta provided that they agreed the goods wont be sent FOB Beta provided that they agreed that the goods will be sent CIF Alpha provided that they agreed that the goods will be sent CIF Alpha provided that they agreed that the goods will be sent FOB The adequacy of the consideration provided in an agreement in establishing an enforceable contract is assessed by reference to the 'reasonable man' what the court considers is adequate a matter for the parties to consider at the time of making the agreement assessed in relation to the consideration provided and an independent assessment of the value of the item being contracted for In a secured transaction scenario which creditor would have priority to satisfy debt form foreclosure to collateral Second to Sign, first to Attach but Last to Perfect First, Second or Third Creditor who Perfected Last First Creditor to Attach but third to Perfect Third to Sign, First to Attach and Perfect Last to Sign, third to perfect second to Attach How does an LLC amend its Articles of Association By a resolution of the board of directors with super majority By a resolution passed by of the officers unanimously By a resolution of the board of directors by simple majority By a resolution of the members by agreed upon majority ABC Partnership has dissolved based on mutual recession of the Partnership Agreement In the winding up process, what is paid out first for winding up purposes Partner advances and loans The Partnership Agreement would decide Partner contributions in capital Employee Wages In a secured transaction scenario which of the following Creditors (1,2,3,4) would have prior to satisfy debt form foreclosure to collateral Creditor 2 Second to Sign, first to Attach but last to Perfect Creditor 1 Last to Sign, third to perfect but second to Attach Creditor 3 third to Sign, Second to Attach and first to Perfect Creditor 4 first to sign, first to attach but did not perfect Which one of the following actions is not a breach of copyright To import copied CDs To borrow a CD from a CD from a friend and copy it to your laptop for personal use To make a copy of a CD and sell it To purchase a CD and download it to your laptop for personal use Which of the following is does not constitute capital in a Partnership Funds contributed by a Partner in the Form of Capital Property provided by Partnership Loans provided by Partner to Partnership Services provided by a Partner What is the role of a Mediator To help the parties reach a resolution To act as judge To make a decision on the facts of the matter To direct the parties to Arbitration How does a company amend its constitution By a resolution passed by at least 75 of the directors By an ordinary resolution of the board of directors By a special resolution of the board of directors By an ordinary resolution of the shareholders

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Question: When an agreement has been signed between an agent and a third party on behalf of a disclosed principal. Which of the following statement is

When an agreement has been signed between an agent and a third party on behalf of a disclosed principal. Which of the following statement is correct:

		None of the above.
		The agent may enforce the agreement against the third party and the third party may enforce it against the agent
		The principal may not enforce the agreement against the third party and the third party may enforce it against the principal
		The principal may enforce the agreement against the third party and the third party may enforce it against the principal

Which of the following is correct statement regarding international treaties:

		The CISG is a convention related contracts for the provision of services when parties to a contract are in different states provided that both states are contracting states.
		The WIPO is a treaty that organizes investment relations regarding water internationally piped onshore since water and electricity are not covered by the CISG.
		The COMESA Treaty is a treaty that creates a different customs rate between Egypt and countries that are not located in the European Union.
		The TRIPS Agreement is an Agreement by which any Arbitration Award issued by a tribunal located in a member states become enforceable in another member state

Which of the following is correct in Limited Partnerships with regards to Limited Partners?

		A LP has the right to manage the company but his liability is only limited to his capital contribution.
		A LP has the right to contribute in capital, gain profit but not manage or bind the partnership.
		None of the Above.
		A LP has the right to manage, contribute to capital and manage the partnership.

BCD is a manufacturer of Computers and pays a salary of 1000$ per month to Sales People and a 5% commission per sale. BCD Sales People are employed by Agreement which included a clause that states "any employee responsible for a sale is entitled to a commission on the date of billing provided that such employee remains an employee of the company". John works for BCD and sold a Computer to Bob worth 750,000 USD. Commission is paid when the Customer is billed.

After selling the Laptop and after approval of BCD; John promised Bob that he will provide him with a training Program too start on May 1 for two months.

Bob sent the purchase order on March 1st but was billed on March 30th. John was fired on March 15, BCD fired John for not meeting his Sale Quota. Frank was hired to replace John at BCD.

If John sues Bob for the representing the training service which John gave to Bob, the most likely outcome would be:

		John will win based on quasi contract.
		John will win based on quasi perfomance
		John will win based on quantam meruit.
		John will win based on quantam faith.

Which one of the following statements is true?

		Copyright must be registered in order to gain protection.
		A patent must not be registered in order to gain protection
		The owner of a patent cannot license it but can prevent others using his invention
		The owner of a patent can license it and can prevent others using his invention

Where the offeror has promised to keep open an offer for a specific period of time, he/she:

		may not revoke the offer before the expiry of the time limit provided that this is not an option contract
		may revoke the offer before the time has expired where this has been communicated to the offeree.
		must keep the offer open for this period of time
		may revoke the offer before the expiry of the time limit provided that this is an option contract

Where an offer does not stipulate an expiry date, it will remain open:

		for a reasonable time, after which it will automatically expire.
		forever, until accepted by the offeree.
		until expressly revoked by the offeror.
		Until an offer is made.

With regards to Investment in Egypt which would be the correct statement regarding incentives given:

		Investors get benefit from a reduced Customs Rate if they operate in the Public Investment Zones provided that thy are operational within 3 years as of the date the Investment Law was passed.
		Provided that thy are operational within 3 years as of the date the Investment Law was passed. Investors get a reduced Tax Rate when they operate in a Tax Haven.
		Provided that thy are operational within 3 years as of the date the Investment Law was passed. Investors get a Tax Cut of 50% in Zone A and 80% in Zone B.
		Investors get a Tax Cut of 30% if they operate in Zone B provided that thy are operational within 3 years as of the date the Investment Law was passed.

An offer can be terminated in a number of ways. Which ONE of the following is NOT an effective way to terminate an offer?

		-Rejection of the offer prior to acceptance

		Lapse of time.
		Revoking the offer prior to acceptance
		Revoking the offer following acceptance

Omar has worked for Alpha Co. for 20 years as an employee responsible to purchase Computers for Alpha Co., During his time at Alpha Co, Omar always purchased computers from Beta (A Computer Manufacturer). Recently Alpha Co. has hired Khaled to purchase Computers and Alpha has informed Omar that he is no longer responsible for this task on January 1st. On January 15th; Omar called Beta and ordered 10 new Computers. Beta shipped the Computers and respective invoice to Alpha. Alpha refuses to pay. If Beta sues Alpha for the amount, is Alpha Liable?

		No, because Khaled has actual authority.
		No, because Omar has actual authority.
		Yes, because Omar has apparent authority.
		Yes, because Omar has inherent authority.

A Contract signed between E (a resident of 6th of October) and F (a resident of Alexandria) stipulated that any dispute arising out of the Agreement will be handled by the ICC. E alleges that F breached the Contract and that E is entiled to received the amount of 50,000 USD since B did not handover an a Machine located in Zamalek. If E wants to file a case against F for specific performance. Where should E file the case:

		The Primary Court located in Alexandria or Maadi.
		The Appeal Court in Maadi since the Machine is physically in Maadi.
		Neither the Primary Court in Maadi nor Alexandria.
		The Appeal Court in 6th of October since E is resident of 6th of October.

A sells a horse to B a horse which A knows to be crazy. A says nothing to B about the horse craziness. A is probably guilty of :

		Misrepresentation
		Mistake
		Undue Influence

What is the principal effect of a counter-offer?

		A counter-offer destroys the original offer and replace it with a new offer.
		A counter-offer creates a new offer, but the original offer is still capable of being accepted.
		A counter-offer creates a binding contract based on the terms of the original offer only if the terms of the counter-offer is more beneficial to the initial party making the offer
		A counter-offer creates a binding contract based on the terms of the counter-offer.

Which of the following statements about a company making a contract through agents is correct?

		A company is only legally bound by a contract made on its behalf by an agent if its constitution expressly allows the appointment of agents
		A company is only legally bound by a contract made on its behalf by an agent if the agent is an officer of the company.
		A company is legally bound by any contract made on its behalf by an agent with authority.
		A company is only legally bound by a contract made on its behalf by an agent with written authority granted under company seal

A Contract signed between E (a resident of 6th of October)and F (a resident of Alexandria) stipulated that any dispute arising out of the Agreement will be handled by the ICC. E alleges that F breached the Contract and that E is entitled to received the amount of 50,000 USD since B did not handover an a Machine located in Zamalek. If E wants to file a case against F for specific performance. If E filed the case in the Court of Maadi, which would be the outcome:

		The Primary Court will not look at questions of Law nor fact.
		The Primary Court will look at both questions of Fact and Law.
		The Primary Court will look at questions of Law but not facts.
		The Primary Court will look at questions of facts but not Law.

How is duress evidenced in the agreement to a contract: i) bad bargain. ii) Illegitimate pressure. iii) A false statement that has induced the other party into the contract. iv) There was no other option for the party than to accept the contract.

		i and iii
		i
		iv
		ii and iv

Alpha, Beta, Gamma and Delta created a Limited Partnership and each put 100,000 EGP as capital. Omar entered into three separate contracts with the Partnership; each contract was signed by a different partner; Alpha, Beta and Delta each signed a contract on behalf of the Partnership. The Partnership breached all three contracts. If Omar sues the Partnership for damages in the amount of 500,000 EGP for all three contracts. Which of the following is correct:

		Gamma and Beta but not Alpha nor Delta may be liable for the full amount.
		Alpha and Delta but not Gamma may be liable for the full amount.
		Alpha, Gamma and Delta may be held liable for the entire amount only up to their capital contribution.
		Alpha, Beta and Gamma may be held liable for the full amount.

Omar invented a device that teaches Puppies to sing provided that the puppies are a certain breed and under 6 months. John tried the device on Tommy and it actually worked and Tommy was able to bark the rhythm of any song that Omar played through the device. Excited with this new idea and believing that he can make millions out of this invention; Omar filed the required documents to register a Trademark for a company that he had established with Sherif. The Trademark which consisted of the letters O & S was approved.

Sara who is Omar's friend was there when Omar got Tommy to sing "XXXX". After a fight between them; she took a picture of the invention and went to an AUC Student to copy it. Omar heard of this and decided to sue Sara.

Mostafa had taken a video of Tommy singing and sent it to Sherine who was creating a documentary on Dogs. Sherine used the video in her award winning documentary.

If a case was filed against Sherine based on IP Infringement; who would most likely win:

		Tommy since he performed the song.
		Omar Since Omar owns the copy right
		Omar since Omar patented the device.
		Mostafa since he owns the copyright.

Which of the following would not qualify as a mark?

		Toys R us
		Reebok
		The Green Family Fun Experience
		North

Omar invented a device that teaches Puppies to sing provided that the puppies are a certain breed and under 6 months. John tried the device on Tommy and it actually worked and Tommy was able to bark the rhythm of any song that Omar played through the device. Excited with this new idea and believing that he can make millions out of this invention; Omar filed the required documents to register a Trademark for a company that he had established with Sherif. The Trademark which consisted of the letters O & S was approved.

Mostafa had taken a video of Tommy singing and sent it to Sherine who was creating a documentary on Dogs. Sherine used the video in her award winning documentary.

In a case between Omar and Sara; who would win:

		Omar because Sara stole his idea.
		Omar because he already registered the Trademark.
		Sara because she created the device
		Sara because Omar did not file the copy right.

BCD is a manufacturer of Computers and pays a salary of 1000$ per month to Sales People and a 5% commission per sale. BCD Sales People are employed by Agreement which included a clause that states "any employee responsible for a sale is entitled to a commission on the date of billing provided that such employee remains an employee of the company". John works for BCD and sold a Computer to Bob worth 750,000 USD. Commission is paid when the Customer is billed.

After selling the Laptop and after approval of BCD; John promised Bob that he will provide him with a training Program too start on May 1 for two months.

Bob sent the purchase order on March 1st but was billed on March 30th. John was fired on March 15, BCD fired John for not meeting his Sale Quota. Frank was hired to replace John at BCD.

If John sues BCD to collect the Commission; what would the outcome be:

		Frank will win because he replaced John.
		BCD will win because John should not take the commission.
		John will win because he made a promise to Bob for the training program.
		John will win because has old the Computer to Bob.

ABC partnership is formed between A, B and C. the Partnership hired Omar to deliver goods to Clients. While making a delivery, Omar went off the road and hit a pedestrian. The Pedestrian filed a case for the injuries suffered. What would be the outcome?

None of the Above.

Provided that Omar is an employee; A, B and C will not be jointly or separately liable.

Provided that Omar is an independent contractor; A, B and C will not be jointly or separately liable.

Provided that Omar is not an employee; A, B and C will not be jointly or separately liable.

B has filed a Case for breach of Contract against C; The Court of First Instance (Primary Court) issued a Judgment which found that the acts of C did not constitute a breach of Contract. The Judge issued his Judgment stating that there was no breach of Contract; B is not happy with the Judgment; B should:

		File an Appeal Case within 60 days from the date Judgment.
		File a Cassation Case with 40 days of the date of Judgment.
		File an Appeal Case within 40 days of the date of Judgment.
		File a Cassation Case within 60 days from the date of Judgment.

What is the primary weakness of both mediation and conciliation?

		They are extremely expensive
		They are not adversarial
		They do not always lead to an outcome
		They do not involve litigation

Partner Advances paid by Partners in a Partnership include:

		Property or Funds given by a Partner not as contribution in Capital.
		Capital contributed to the Partnership in the form of services provided.
		Property given to the Partnership in contribution to Capital.
		Funds or Property given by a Partner as contribution in Capital.

If "XYZ" a Legal Entity formed between X, Y and Z. When would Z's personal assets be protected from Liability?

		If XYZ is not an LLC.
		If XYZ is a Limited Partnership and both X & Y are Limited Partners.
		If XYZ is a General Partnership and Z is a Limited Partner.
		None of the above.

Which of the following is a correct statement:

		A Creditor has can to keep the good subject to the Security Interest but must not notify other security interest holders in case of default.
		The Debtor has the right to forclose but if the Debor forcloses and the amount does not cover the loan, the Debtor has the right to sue the Creditor ro satisfy the remaineder of the loan.
		A Creditor cannot keep the good subject to the Security Interest but must not notify other security interest holders in case of default.
		A Creditor may Foreclose based on Anticipatory Repudiation of the Creditor reasonable believes that the Debtor will default.

If an agreement contains an arbitration clause, then:

		The parties can only go to court after they have been to arbitration
		Either of the parties can choose to go to court
		If both parties agree, they can choose to go to court
		The parties can never go to court

In 2019, Lender gave Borrower 5,000,000 USD as a Loan by Agreement; the Agreement stated that in case Borrower defaults, Lender use as collateral the following: A Car, A Machine as well as a profits in 2029.What would be the accurate classification of Lender's Security Interest:

		Lender has a security interest but not a mortgage.
		Lender has a security interest but not a mortgage but has a floating lien.
		Lender does not have a mortgage or an Attachment.
		Lender has a mortgage and security interest since but not a floating lien.

Which ONE of the following usually not considered to be an offer?

		Goods sold through a vending machine
		Goods sold online.
		Goods placed in a store
		Goods in a store brochure.

Alpha and Beta entered into a contract and agreed that Alpha would send 10 clocks to Beta. Alpha who is in the US sent the goods to the port of discharge. Prior to arriving to the port of the arrival; the good got damaged due to a hurricane. Who bears the risk of loss:

		Beta provided that they agreed the goods wont be sent FOB.
		Beta provided that they agreed that the goods will be sent CIF.
		Alpha provided that they agreed that the goods will be sent CIF.
		Alpha provided that they agreed that the goods will be sent FOB.

The adequacy of the consideration provided in an agreement in establishing an enforceable contract is:

		assessed by reference to the 'reasonable man'.
		what the court considers is adequate.
		a matter for the parties to consider at the time of making the agreement.
		assessed in relation to the consideration provided and an independent assessment of the value of the item being contracted for.

In a secured transaction scenario; which creditor would have priority to satisfy debt form foreclosure to collateral:

		Second to Sign, first to Attach but Last to Perfect.
		First, Second or Third Creditor who Perfected Last
		First Creditor to Attach but third to Perfect.
		Third to Sign, First to Attach and Perfect.
		Last to Sign, third to perfect second to Attach.

How does an LLC amend its Articles of Association?

		By a resolution of the board of directors with super majority.
		By a resolution passed by of the officers unanimously.
		By a resolution of the board of directors by simple majority
		By a resolution of the members by agreed upon majority

ABC Partnership has dissolved based on mutual recession of the Partnership Agreement. In the winding up process, what is paid out first for winding up purposes?

		Partner advances and loans.
		The Partnership Agreement would decide.
		Partner contributions in capital.
		Employee Wages.

In a secured transaction scenario; which of the following Creditors (1,2,3,4) would have prior to satisfy debt form foreclosure to collateral:

		Creditor 2: Second to Sign, first to Attach but last to Perfect.
		Creditor 1: Last to Sign, third to perfect but second to Attach.
		Creditor 3: third to Sign, Second to Attach and first to Perfect.
		Creditor 4: first to sign, first to attach but did not perfect.

Which one of the following actions is not a breach of copyright?

		To import copied CDs
		To borrow a CD from a CD from a friend and copy it to your laptop for personal use.
		To make a copy of a CD and sell it
		To purchase a CD and download it to your laptop for personal use.

Which of the following is does not constitute "capital" in a Partnership?

		Funds contributed by a Partner in the Form of Capital.
		Property provided by Partnership
		Loans provided by Partner to Partnership.
		Services provided by a Partner.

What is the role of a Mediator?

		To help the parties reach a resolution
		To act as judge
		To make a decision on the facts of the matter
		To direct the parties to Arbitration

How does a company amend its constitution?

		By a resolution passed by at least 75% of the directors
		By an ordinary resolution of the board of directors
		By a special resolution of the board of directors
		By an ordinary resolution of the shareholders

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