10 Questions
What does the Group Company assert in Section 1.08?
No third party has any rights to the Group Company's assets
What would have a materially adverse effect on the Group Company?
An unfavorable decision on the rights of their assets
What does Section 1.09 state about the Group Company?
There are no actions, suits, or proceedings pending or threatened against the Group Company
What is threatened against the Group Company according to the Shareholders' knowledge?
No actions, suits, or proceedings
What would be the result of an unfavorable decision, ruling, or finding on the Group Company's assets?
It would have a materially adverse effect on the Group Company
What is considered a failure in the operation of the Company's business?
All of the above
Which action by the Company would not be considered ordinary course of business?
Purchase of any assets
Which of the following is a Material Contract action that the Company should avoid?
All of the above
What is the limit on the loans made or agreed to be made by the Company?
$500,000 in the aggregate
What is not considered a failure that would have a Material Adverse Effect on the Company?
None of the above
Quiz: The Group Company and Related Matters Test your knowledge on the rights and infringements related to products, technology, trade secrets, copyrights, and more in this quiz on Section 1.08. Find out if you're well-versed in the legal aspects of the Group Company and its relationship with third parties.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
