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Company Legislation

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What were the two forms of business associations in England during the 14th century?

Limited liability and Unlimited liability

Monopoly and Partnership

Guilds and Royal Charters

Commenda and Societas (correct)

In the 16th century, what did the Royal Charters grant to members of the Company?

Ownership of the trading company

Limited liability for trade activities

Exclusive rights to individual trade

Monopoly of trade over a certain territory (correct)

What was the East India Company's role in trade in India?

It had a monopoly of trade in India (correct)

It established partnerships with Indian traders

It focused on individual trade activities

It was solely involved in overseas trading

What did the 1844 Joint Stock Companies Act in England provide for the first time?

<p>Formation of companies without obtaining a charter or special Act of parliament</p> Signup and view all the answers

What was the main difference between 'Commenda' and 'Societas'?

<p>Limited liability for the financier in 'Commenda' and unlimited liability for all members in 'Societas'</p> Signup and view all the answers

Company Legislation

Choose a study mode

Podcast

Questions and Answers

What were the two forms of business associations in England during the 14th century?

In the 16th century, what did the Royal Charters grant to members of the Company?

What was the East India Company's role in trade in India?

What did the 1844 Joint Stock Companies Act in England provide for the first time?

What was the main difference between 'Commenda' and 'Societas'?

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