Corporate Law Quiz
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Questions and Answers

What does corporate law govern?

  • Civil law only
  • Criminal law only
  • Labor law only
  • Rights, relations, and conduct of persons, companies, organizations and businesses (correct)

    • What is corporate law also known as?

  • Commercial law
  • Trade law
  • Financial law
  • Business law (correct)

    • What does corporate law encompass?

  • Formation of sole proprietorships only
  • Formation of partnerships only
  • Formation, funding, governance, and death of a corporation (correct)
  • Formation of non-profit organizations only

    • Who does corporate law regulate the interaction between?

    <p>Corporations, investors, shareholders, directors, employees, creditors, and other stakeholders</p> Signup and view all the answers

    What is corporate law colloquially used interchangeably with?

    <p>Company or business law</p> Signup and view all the answers

    What is another name for a quasi-contract?

    <p>Implied-in-law contract</p> Signup and view all the answers

    What was the medieval form of action that quasi-contract laws can be traced to?

    <p>Indebitatus assumpsit</p> Signup and view all the answers

    Where can the origin of the notion of a quasi-contract be traced to?

    <p>Roman law</p> Signup and view all the answers

    What Latin statement is the basis for quasi-contract laws?

    <p>Nemo debet locupletari ex aliena iactura</p> Signup and view all the answers

    What was the primary purpose of the law of quasi-contract?

    <p>To enforce restitutionary obligations</p> Signup and view all the answers

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