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

What is corporate law colloquially used interchangeably with?

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

What is another name for a quasi-contract?

<p>Implied-in-law contract (A)</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 (C)</p> Signup and view all the answers

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

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

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

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

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

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

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