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Corporate Law Basics

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Questions and Answers

What does corporate law govern?

Only the relations between companies and shareholders

Rights, relations, and conduct of persons, companies, organizations, and businesses (correct)

The legal practice of law relating to individuals only

The legal practice of law relating to government entities

What does corporate law encompass?

Formation, funding, governance, and death of a corporation (correct)

Legal matters related to commercial law only

Legal practice of law relating to individuals only

Formation and registration of companies only

How do corporate law and business law differ?

They are interchangeable terms with no difference in meaning

Business law refers to wider concepts of commercial law while corporate law relates specifically to corporations (correct)

Corporate law refers to commercial law while business law relates specifically to corporations

They both refer to the same legal concepts

What does business law mostly refer to?

Wider concepts of commercial law Signup and view all the answers

What does corporate law regulate?

How corporations, investors, shareholders, directors, employees, creditors, and other stakeholders interact with one another Signup and view all the answers

Under UK company law, a company is considered:

An entity separate from the people who own or operate it Signup and view all the answers

What was used in 18th century England to regulate the activities of joint stock companies?

Deed of settlement Signup and view all the answers

How long can the paper filing method take for forming a company in the UK?

Up to 4 weeks Signup and view all the answers

Who can create companies in the UK?

Individuals, specialised agents, solicitors, and accountants Signup and view all the answers

"Company formation" is also referred to as:

"Company registration" Signup and view all the answers