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In corporate law, what is the purpose of the doctrine of 'wrongful trading' as mentioned in the text?
In corporate law, what is the purpose of the doctrine of 'wrongful trading' as mentioned in the text?
- To govern the management structure of closed corporations
- To protect the interest of shareholders in public companies
- To serve as a mandatory provision for private companies
- To provide an additional tool for capital maintenance and directors’ liability (correct)
What distinguishes mandatory laws from default provisions in corporate law?
What distinguishes mandatory laws from default provisions in corporate law?
- Mandatory laws govern the formation of closed corporations, while default provisions govern business corporations
- Mandatory laws apply to public companies, while default provisions apply to private companies
- Mandatory laws govern only if the parties explicitly provide for something different, while default provisions have no option but to conform to them (correct)
- Mandatory laws protect the interest of third parties, while default provisions reflect commonly chosen rules
What characterizes the FCA’s listing rules in relation to company law for listed corporations?
What characterizes the FCA’s listing rules in relation to company law for listed corporations?
- They serve as a majoritarian public good in corporate law
- They provide a standard form of contract for capital maintenance
- They contain requirements that shareholders approve significant transactions (correct)
- They specify the rule that will govern if the default one isn’t chosen
What is the primary purpose of the Aktiengesetz as described in the text?
What is the primary purpose of the Aktiengesetz as described in the text?
In what way does the UK Companies Act 2006 impact company law, according to the text?
In what way does the UK Companies Act 2006 impact company law, according to the text?
What happens if a situation isn't expressly governed by the Aktiengesetz, according to the text?
What happens if a situation isn't expressly governed by the Aktiengesetz, according to the text?
What is the primary purpose of a corporation (public company) according to the text?
What is the primary purpose of a corporation (public company) according to the text?
Which of the following is a characteristic of a public company (corporation) as described in the text?
Which of the following is a characteristic of a public company (corporation) as described in the text?
In what way does a cooperative, like Ferrero or Eni, differ from a public company (corporation)?
In what way does a cooperative, like Ferrero or Eni, differ from a public company (corporation)?
What distinguishes a holding company from the group of organizations it controls?
What distinguishes a holding company from the group of organizations it controls?
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