5 Questions
What were the two forms of business associations in England during the 14th century?
Commenda and Societas
In the 16th century, what did the Royal Charters grant to members of the Company?
Monopoly of trade over a certain territory
What was the East India Company's role in trade in India?
It had a monopoly of trade in India
What did the 1844 Joint Stock Companies Act in England provide for the first time?
Formation of companies without obtaining a charter or special Act of parliament
What was the main difference between 'Commenda' and 'Societas'?
Limited liability for the financier in 'Commenda' and unlimited liability for all members in 'Societas'
Test your knowledge of the history and development of company legislation with this quiz. Explore the origins of company law in England and its influence on business associations in India. Learn about merchant guilds, charters from the Crown, and different forms of associations.
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