10 Questions
What is corporate law also known as?
Business law
What does corporate law govern?
Rights, relations, and conduct of persons, companies, organizations, and businesses
What does corporate law encompass?
Formation, funding, governance, and death of a corporation
Who does corporate law regulate the interaction between?
Corporations, investors, shareholders, directors, employees, creditors, and other stakeholders
What is corporate law colloquially used interchangeably with?
Company law
What is the law of obligations under the civil law legal system?
One branch of private law
What does an obligation impose on the obligor?
A duty to perform
What is the origin of the word 'obligation'?
Latin 'obligare' from the root 'lig'
What does the term 'vinculum iuris' refer to?
Legal bond
What did obligations not originally form part of?
Roman Law
Study Notes
Corporate Law
- Also known as company law or enterprise law
- Governs the formation and operations of corporations and other business organizations
- Encompasses laws, procedures, and regulations that govern the formation, operation, and dissolution of corporations
- Regulates the interaction between shareholders, directors, employees, and other stakeholders
- Colloquially used interchangeably with "company law"
Law of Obligations
- Under the civil law legal system, the law of obligations refers to the law of contract and delict (tort)
- An obligation imposes a duty on the obligor (the one bound) to perform or refrain from performing a specific action
- Origin of the word "obligation" is from the Latin "obligare", meaning "to bind"
- The term "vinculum iuris" refers to the bond of law or the bond of obligation
- Obligations did not originally form part of the Roman law of property
Test your knowledge of corporate law with this quiz! Explore topics such as rights, relations, and conduct of persons, companies, and organizations, as well as legal practices and theories related to corporations. Sharpen your understanding of the legal aspects of business and company law.
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