only (f) B. only

(g) All of the above

(40) a German Stock Company can have three corporate bodies. Which of the following is not part of the three?

(a) Managing Director

(b) Supervisory Board

(c) Compliance Department

(d) Regulatory Liaison

(e) C. only

(f) C. And D. only

(41) the Managing Director must do which of the following?

(a) Ensure the company maintains proper accounting standards

(b) Ensure the company maintains the required capital

(c) Sign off on all audited financial statements

(d) Conduct shareholder meetings

(e) C. only

(f) D. only

(g) C. And D. Only

(42) the Supreme Legal Body within a Corporate is?

(a) Management Board

(b) Board of Directors

(c) Shareholder's Meeting

(d) Regulatory Liaison

(43) Which of the following is NOT a duty of the shareholder meeting?

(a) Approve Financial Statements

(b) Partition Shares

(c) Replace Management

(d) Granting of Power of Attorney

(44) How many members of the Supervisory Board are required?

(a) 2

(b) 3

(c) 6

(d) 10

(45) Under SE structure the corporation can have a one-tiered or two-tiered system. Under the two-tiered system the components are what?

(a) Management and Compliance

(b) Shareholders and Board of Directors

(c) Shareholders and Management

(d) Management and Supervisory

(46) Under Delaware Code a General Partnership passes 100% of the liability to the shareholders. Which form of liability under German law is similar?

(a) Liability before Registration

(b) Liability of Controlling Shareholders

(c) Abuse of Legal Form

(47) Which is not a key fact involved in locating a business in Delaware?

(a) a Company's owners have to be located in Delaware but the business need not be pursuant to Section101 Title 8

(b) Delaware has no regulation of the maximum interest rate banks can charge; therefore many banks locate there

(c) No state income tax on companies doing business in Delaware

(d) Changing Delaware Corporate Law is very difficult

(48) in Saudi Arabia what governs corporations?

(a) Sharia Law

(b) the Corporate Civil Code

(c) Edicts governing compliance

(d) Companies Regulation

(49) Under Islamic Law how do partnerships within corporations differ from more traditional formulations?

(a) They don't

(b) Payment must be pledged to each partner prior to corporate formation

(c) Personal relationships between parties to the corporation are required

(d) Corporations are an un-natural form of business organization under Islamic Law

(50) Which legal theories, according to Kurayten, have influenced the...

Consider the following; an English Shipping Company and a Company in Kuwait have a contract dispute. The contract is in English, uses English legal terminology and states that disputes are to be resolved in London. Would the court be justified in dismissing the choice of law clause?
(a) Yes- traveling to London is to burdensome on the Kuwaiti company

(b) No- the contract is valid as written

(c) No- the intent is clear

(d) Yes- the Burden is on the English Shipping Company

(58) a Common Reason Courts will strike a choice of law clause is?

(a) Inconveninece

(b) Relevance

(c) Location

(d) Cost

(59) Which one of these factors is not contributory in ascertaining the intent of the parties?

(a) the Place of Contracting

(b) the Place of Performance

(c) Residence of the Parties

(d) All of the Above.