Group Company Rights and Infringements Quiz
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Questions and Answers

What does the Group Company assert in Section 1.08?

  • The Group Company has infringed on the rights of others
  • The Group Company has received notices of infringement
  • There are third parties with rights to the Group Company's assets
  • No third party has any rights to the Group Company's assets (correct)

    • What would have a materially adverse effect on the Group Company?

  • No decision on the rights of their assets
  • An unfavorable decision on the rights of their assets (correct)
  • A favorable decision on the rights of their assets
  • A neutral decision on the rights of their assets

    • What does Section 1.09 state about the Group Company?

  • The Group Company is facing multiple lawsuits
  • The Group Company is threatening to sue other companies
  • The Group Company is involved in domestic and foreign lawsuits
  • There are no actions, suits, or proceedings pending or threatened against the Group Company (correct)

    • What is threatened against the Group Company according to the Shareholders' knowledge?

    <p>No actions, suits, or proceedings</p> Signup and view all the answers

    What would be the result of an unfavorable decision, ruling, or finding on the Group Company's assets?

    <p>It would have a materially adverse effect on the Group Company</p> Signup and view all the answers

    What is considered a failure in the operation of the Company's business?

    <p>All of the above</p> Signup and view all the answers

    Which action by the Company would not be considered ordinary course of business?

    <p>Purchase of any assets</p> Signup and view all the answers

    Which of the following is a Material Contract action that the Company should avoid?

    <p>All of the above</p> Signup and view all the answers

    What is the limit on the loans made or agreed to be made by the Company?

    <p>$500,000 in the aggregate</p> Signup and view all the answers

    What is not considered a failure that would have a Material Adverse Effect on the Company?

    <p>None of the above</p> Signup and view all the answers

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