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?

<p>Wider concepts of commercial law (C)</p> Signup and view all the answers

What does corporate law regulate?

<p>How corporations, investors, shareholders, directors, employees, creditors, and other stakeholders interact with one another (D)</p> Signup and view all the answers

Under UK company law, a company is considered:

<p>An entity separate from the people who own or operate it (C)</p> Signup and view all the answers

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

<p>Deed of settlement (B)</p> Signup and view all the answers

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

<p>Up to 4 weeks (C)</p> Signup and view all the answers

Who can create companies in the UK?

<p>Individuals, specialised agents, solicitors, and accountants (D)</p> Signup and view all the answers

"Company formation" is also referred to as:

<p>&quot;Company registration&quot; (C)</p> Signup and view all the answers

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