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The owners of Limited Liability Company and Joint Stock Company are called partners. *

False

True

Subscription is a way to collect all the parts in a Limited Liability Company. *

False

True

Members in a Joint Stock Company can take their profit from the capital and can minimize or increase the capital without any need for any legal procedures. *

True

False

The personality of partners is taken into consideration in the Unlimited Partnership and Joint Stock Company. *

True

False

This is a required question

The formation of the Limited Partnership does not require the satisfaction of any substantive conditions. *

False

True

In the Unlimited Partnership, the incoming partner is liable for the obligations incurred before he/ she joined the partnership. *

True

False

The formation of the Unlimited Partnership is subjected to the same rules as those of the Limited Liability Company. *

True

False

This is a required question

Unlimited Partnership is a prototype of Partnerships. *

True

False

This is a required question

In case of sublease of the business concern, an approval of the landlord is not needed. The law allowed such right. *

False

True

This is a required question

The partner-manager of the Limited Liability Company shall acquire the status of a merchant. *

True

False

The Joint Stock Company is formed by a simple or a notarized (formal signed by the Notary Public) deed. *

False

True

The Unlimited Partnership is transformed to Limited Partnership when the number of partners becomes less than three. *

False

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