Mock Quiz 1 - Business Law | Trường Đại học Quốc tế, Đại học Quốc gia Thành phố HCM

BUSINESS LAW- QUIZ Duration: 45 minutes
Student name ____________________________________Student ID:_________________
1. What is a state-owned enterprise?
a. An enterprise of which the State holds 80% of charter capital
b. An enterprise of which the State holds 90% of charter capital
c. An enterprise of which the State holds 100% of charter capital d. All of above
2. Which of the following is correct about the obligation of paying debt in a partnership?
a. Unlimited liability partners have to pay all the debts
b. Limited liability partners only pay the debt in case the company’s asset is not enough to pay the debt
c. Unlimited liability partners are liable for the debt within his or her capital contribution
d. Limited liability partners are liable for the debts to the extent of his or her committed capital contribution
3. Which of the following company can issue all type of securities?
a. Private enterprise and partnership
b. Unlimited liability company and family household c. Share holding company
d. Limited liability company and share holding company
4. Which of the following Enterprise is not allowed to own more than 10 employees?
a. Household Business – not enterprise b. Private Enterprise c. Partnership d. None of the above
5. Which of the following sentence is NOT TRUE about limited liability companies
(LLC) with two or more members?
a. LLC may issue bond, cannot issue shares
b. A member may donate a part or all of its share to other persons. Where recipient is
a spouse, parent, child or relative up to the second rank of inheritance, the
recipient shall automatically become a member of the company.
c. General director responsible for convening MC’s meeting d. None of the above
6. Who is the legal representative of one-member limited liability company owned by an individual? a. Company president
b. General director of the company c. Supervisors d. Both A and B
7. Which of the following is correct about the selling of a private enterprise?
a. The new owner is responsible for all the debts of the enterprise
b. The old owner may still manage and administer business operation
c. The owner is not allowed to sell his or her company if it is in debt
d. The previous owner is still in charge of all debts incurring before the date of handing over the enterprise
8. After 2 times of failure in convening a meeting of Members’ Council in an LLC2+,
the meeting will be scheduled for the third time within ________ days and _____ of
the number of attending members. a. 30; 75% b. 15; 50% c. 10; regardless d. 10; 65%
9. ________________is the highest decision-making authority in the joint stock company a. Board of Management
b. Chairman of Board of Management
c. General director of the company
d. None of the above – shareholding companies/ shareholders’ meeting
10. According to the LOE 2020, which of the following shares in the Joint stock company cannot be transferred? a. Ordinary share
b. Voting preference share
c. Dividends preference share
d. Redeemable preference share
11. Which of the following cannot buy share a. Owner of LLC1
b. Owner of a private enterprise
c. Limited liability partner of a partnership d. None of the above
12. Which of the following type of enterprise Must establish a Controller board?
a. LLC1 whose owner is an organization b. LLC 2+ c. Shareholding Company d. None of the above
13. Koi-Pond is a limited liability company which has 3 members: Mr. A, Mr. B and Mr.
C Knowing that Mr. A captured 91% of the total charter capital; Mr. B occupies 8%
and Mr. C occupies 1% of the total chart capital. Which of these members that the
right to convene meeting of member councils? (Chair of enterprise convenes the meeting) a. Mr. C b. Mr. A c. Mr. B d. All of the above
14. In a shareholding company, ______________ have the authority to redeem up to 10%
of the total shares of the company.
a. Shareholder who holds at least 20% of total share
b. Chairman of board of management c. Board of Management
d. General Meeting of Shareholder
15. Which of the following may be capable of convening the general meeting of shareholders?
a. Shareholder or group of shareholders holding at least 10% of total share b. Board of management
c. Chairman of controller board d. All of the above
16. In a shareholding company which has only 1 at law representative, then it must either
be: chủ tịch hội đồng quản trị/ giám đốc điều hành
a. Chairman of BOM or Chairman of controller board
b. Chairman of BOM or General Director
c. Chairman of BOM or Chairman of GMS d. None of the above
17. In an LLC1 own by an organization, _____________ has the authority to
appoint/dismiss member of controller board a. Owner b. Member council c. Chairman of member council. d. Both a and b
18. Which of the following enterprise can increase but not decrease charter capital a. Private enterprise b. Partnership c. Shareholding company d. None of the above
19. Limited liability partners have the obligation to:
a. Discharge in full the debt of the company
b. Not to manage the partnership
c. To vote at meeting of partner council d. All of the above
20. Which of the following is not correct general partner?
a. Only general partner is allowed to manage the partnership
b. General partner of a partnership can be owner of a private enterprise if approved by partners member council
c. Both individual and organization can be general partner d. None of the above.
21. Which of the following organizations is an enterprise?
a. Shinhan bank Vietnam ltd.
b. Bao Viet life insurance cooperation c. Apolat legal firm d. All of the above
22. Where can a requester send a request for a bankruptcy process?
a. The business registration office where the insolvent enterprise registered its establishment
b. The competent people’s court where the insolvent enterprise is located
c. The competent people’s committee where the insolvent enterprise is located d. None of the above
23. In the following case, the creditor cans sue___________________ to collect their debt.
“Khanh Toan Private Enterprise was established by Toan. In January 2020, due to
personal issues, Toan hired Kiet to work as a director of the enterprise. In December
2020, Kiet, on behalf of the enterprise, got a 4 billion dong debt from BIDV which is due
in March 2021. In February 2021, Toan sold the enterprise to Khanh.” a. Toan b. Kiet c. Khanh d. All of the above
24. Which one is a characteristic of Household Business?
a. Own by an individual regardless of nationality b. Register in one location c. Shall hire up to 15 workers d. Have a seal
25. According to law on Enterprise 2014, a family household may be established by foreigners. a. True b. False
26. Which type of business does not have legal entity?
a. Limited liability company with only one-member
b. Limited liability company with two or more members c. Private enterprise d. Partnership
27. According to law on Enterprise 2014, a private enterprise is not allowed to lease their business a. True b. False
28. According to law on Enterprise 2014, a private enterprise may be based at several locations. a. True b. False
29. Company A is a partnership company, in which Mr. B, Mr. C, and Ms. Dare general
partners, and Ms. Y, Mr. K are limited partners. One day, Mr. C wants to transfer part
of his capital contribution to his son, so he needs to have approvals of: a. Mr. C, Ms. Y, and Mr. K b. Ms. D, Ms. Y, and Mr. K c. Mr. C, Mr. D, and Ms. Y d. Ms. Y, and Mr. K e. Mr. B and D
30. Which one is correct about limited partners of a partnership:
a. Cannot manage the activities of company
b. Liable for the debts with all their assets.
c. Cannot vote at Members’ Council
d. Transfer his/her capital contribution to another person.
31. Mr. A, Mr. B, are general partners while Mr. C and Mr. D are limited partners of a
partnership. If Mr. X wants to become a partner of the company, he needs to have approvals of: a. Mr. A, Mr. C b. Mr. A, Mr. B c. Mr. C, Mr. D d. Mr. B, Mr. C, and Mr. D9
32. In a partnership, which of following cases does not need approvals of 3/4 general partners? a. Exclude a partner
b. Change the right of a limited partner
c. Decide to invest in a project
d. Approve a new general partner
33. According to law on Enterprise 2014, a partnership must have limited partners a. True b. False
34. Limited liability company with one member cannot issue: a. Bonds b. Shares
35. Which of the following enterprise must have an inspection committee?
a. Limited liability company with 10 members
b. Limited liability company one member which the owner is an organization c. Partnerships d. None of above
36. LLC1 may be able to changes its charter capital if:
a. Company operates more than 2 years
b. Prove that they have no debt c. Both a and b d. None of above
37. Which one is not correct about general directors of LLC1? a. Manage day to day business
b. Appointed or employed by Member Council or Chairman for term of 5 years only
c. Cannot be legal representative of the company d. Recruit employees
38. Which of the following is not correct about the owner of LLC1 which is an organization?
a. The owner directly manages day to day business
b. Make decision on development investment project
c. Organize supervision of the company’s business operations
d. Decide on the development strategies of the company
39. To conduct meeting of the Members’ Council for the second time in a LLC2:
a. Must be within 10 days with attending members owning at least 65% of the charter capital
b. Must be within 10 days irrespective of the amount of charter capital represented by attending members
c. Must be within 15 days with attending members owning at least 50% of the charter capital
d. Must be within 15 days with attending member owning at least 65% of the charter capital
40. Ms. A who, is a member of LLC2+, wants to donate her shares to her friend a. She can directly do it.
b. She needs approvals from other members
c. If no members want to purchase or purchase in full within 30 days d. Both b and c
41. Which of the following is correct about the owner of LLC2+?
a. The legal representative of the company can be a foreigner
b. Company does not need to have director or general director
c. A LLC with 6 members must have an inspection committee d. LLC2+ can issue shares
42. Members can dismiss the chairman who keeps more than 50% charter capital at any
time. (With or without the chairman approval?) a. True b. False
43. In an LLC2+, A member cannot donate a part of his/her capital contribution its share
toother persons without approval of member council when a. Recipient is his/her spouse b. Recipient is his/her parent c. Recipient is his/her friend
d. Recipient is his/her relative at second rank e. None of the above
44. Which of following enterprise shall have an owner may be an individual or an organization a. Limited liability company b. Shareholding company c. Partnership d. All of the above
45. Shareholding company must have: a. Ordinary shares b. Preference shares c. Both of a and b d. None of a and b
46. All restrictions applied on ordinary shares of the founding shareholders will become invalid after a. 2 years b. 5 years c. 3 years d. 1 year
47. Board of management of shareholding company can redeem of no more than:
a. 5% of total number of shares of each type already sold within 12 months
b. 10% of total number of shares of each type already sold within 12 months
c. 5% of total number of shares of each type already sold within 24 months
d. 10% of total number of shares of each type already sold within 24 months
48. In such case, a shareholding company may not have inspection committee
a. More than 11 natural shareholders
b. Less than 11 natural shareholders
c. Institution owner owning less than 50% of the total shares d. Both b and c
49. Conditions for conducting the general meeting of shareholders the first time:
a. Must be within 30 days of intended first meeting
b. The number of attending shareholders having more than 51% of the voting shares
c. The number of attending shareholders having more than 33% of the voting shares d. Both a and c
50. Which criteria is incorrect about Board of Management of a shareholding company:
a. At least 3 and not more than 11
b. Reside permanently in Vietnam c. Within term of 5 years
d. Shall be re-elected for limited number of terms based on company charter
51. Mr. A is currently a chairman of the board of management of a shareholding company. He may not:
a. Organize for resolutions of the BOM to be passed
b. Prepare working plans and program of the BOM
c. Concurrently be the director or general director
d. Monitor the implementation of resolutions of BOM
52. Marital contract between an American groom and a Vietnamese bride is accepted and
protected by the Vietnamese Law a. TRUE b. FALSE
53. Mr. D suits Mr. A for violating the contract concerning to the possession of a villa in
Cam Ranh, Nha Trang. Mr. D lives in Ha Noi while Ho Chi Minh City is the location
where Mr. A lives. Where should Mr. D file the petition?
a. The Cam Ranh People’s Court
b. The Ho Chi Minh City People’s Court c. The Ha Noi People’s Court
d. The Ha Noi Superior People’s Court
54. Ms. Thao and Mr. Vu are involved in the lawsuit of the Trung Nguyen Café
Corporation. After the appellate judgement of the People’s Court, Ms. Thao felt unfair
and unsatisfied. She claimed that the People’s Court are partial to Mr. Vu’s side.
Therefore, she required a cassation procedure. Could Ms. Thao require? a. YES b. NO
55. After the Vietnam Arbitration Center (VIAC) makes the final arbitration reward which
force Apple Joint Stock Company pay for AD LLC ten million dollars fine, however
that fine can be paid in 10 years without any interest rate. Mr. Vu Anh Dung, who is
the chairman of AD LLC, disagrees with that judgement as he wants to the fine to be
paid all immediately. He thinks the VIAC, and Apple collude with each other. He
threatens to bring the lawsuit to the Ho Chi Minh City Superior People’s Court. Select the best answer.
a. Mr. Dung can do that because he thinks VIAC, and Apple collude with each other
b. Mr. Dung can do that because it is his right to bring the best for his own company
c. Mr. Dung cannot do that because there is no evidence VIAC, and Apple collude with each other
d. Mr. Dung cannot do that because the arbitration award is final, and it never be cancelled by the court
56. How many adjudication levels are there in Vietnam? a. 4 b. 3 c. 2 d. 1
57. How many people’s juror in the appellate trial panel for a civil case? a. 0 b. 2 c. 3 d. 1
58. Foxconn Technology Group is the company which Apple Inc. assigns for
manufacturing the iPhone for Vietnamese market. However, one iPhone which is sold
for the customer has a much lower quality than the standard. Select the correct answer
a. Apple has no obligation for that low-standard iPhone
b. Apple has the obligation for that low-standard iPhone
59. Who have the authority to sign the contract for the Deloitte Limited Liability Company?
a. Ms. Jessica Pearson, who is the Managing Partner/Chairman of the company
b. Mr. Harvey Specter, who is the Senior Partner/CEO of the company
c. Ms. Katrina Bennett, who is the Senior Associate of the company d. A&B
60. Which of the following is NOT the commercial contract?
a. The supply contract between GiaoHangNhanh and Shoppee
b. The contract between Vietsovpetro and Gazprom for an oil project in Vung Tau, Vietnam
c. The sponsored contract between Novak Djokovic and Lacoste, which Lacoste
provides Djokovic sports clothes in Grand Slam matches
d. The non-competitive agreement between GiaoHangNhanh and GiaoHangTietkiem
61. Which of the following is not legal abiding? a. Mediation b. Negotiation
c. Conciliation in Commercial Arbitration d. All of the above
62. What of the following is not the valid form of commercial arbitration agreement? a. A note via fax b. A chat via iMessage c. A conversation via email d. A term in contract
63. When EY Vietnam agrees to terminate the auxiliary contract whose term “All the
dispute will be solved at the Singapore Arbitration Center” with KPMG Vietnam, that
term cannot be terminated as it is the valid arbitration agreement a. TRUE b. FALSE
64. How many adjudication regimes are there in Vietnam? a. 1 b. 4 c. 3 d. 2
65. How many days for the involved parties to send the request for appellate trial after first-instance trial? a. 7 days b. 14 days c. 15 days d. 30 days
66. What is the maximum fine percentage of the contract value one party must pay if they
violate the contract, according to the Civil Code 2015? a. 8% b. 25% c. 15% d. Unlimited
67. How many arbitrators in an arbitration tribunal? a. 1 b. 2 c. 3
d. Depends on the agreement between two parties
68. On May 23rd, 2020, Mr. Harry Potter sends a message to Mr. Albus Dumbledore. The
message is “Could you sell for me your fastest Quidditch broom?”. Mr. Albus
Dumbledore replies: “Yes, I would sell it for 1 million pounds”. On 1st June 2020 Mr.
Albus Dumbledore delivers his fastest Quidditch groom to Harry Potter. However,
Mr. Harry Potter denies receiving the groom because he does not accept the price of 1
million pounds. Mr. Albus Dumbledore is very angry for Harry Potter’s deny because
he states that the message from Harry Potter is the offer to enter the contract
a. Harry Potter is right because the message is not the offer to enter the contract
b. Albus Dumbledore is right because the message is the offer to enter the contract
69. The dispute between Apple Inc. and Samsung Electronics at Vietnam Arbitration
Center (VIAC) has three arbitrators in the arbitration tribunal. How many vote
percentage for a arbitration award to be valid? a. 100% b. 66.6% c. 75% d. 51%
70. Which of the following is not a valid contract?
a. A contract between a 6-year-old girl and Vinmart for a milk for the girl’s breakfast
b. A housing contract between a 17-year-old man with Vinhomes
c. A contract for supplying gaming services between Cyber and a 15-year-old student
d. A contract between a 18-year-old IU students and Vinfast for buying a Vinfast Fadil
71. In the first-instance trial, the Binh Duong’s Provincal People’s Court applies the
wrong law, therefore they make the wrong judgement for Masan in the lawsuit in
M&A transactions with P&G Vietnam. Which adjudication regime should Masan bring the petition to? a. Cassation b. Appellate c. Re-opening d. None of the above
72. If the defendant is not satisfied with the judgement at the first instance trial, he/she can request for a. Re-opening procedure b. Cassation procedure c. Appellate procedure d. All of the above
73. Which of the following case will the dispute be settled by litigation method?
a. Invalid arbitration agreements
b. One involved party does not comply with the arbitration award
c. Both two involved parties do not comply with the arbitration award d. Both A and C
74. Which of the followings is not commercial dispute?
a. Dispute related to the audit contract between KPMG and Citigroup
b. Dispute related to the copyright patents between Tesla and Mercedes
c. Dispute related to the copyright of Than Dong Dat Viet between Le Linh and Phan Thi My Hanh
d. Dispute related to the non-competitive agreement between Baker McKenzie and Latham & Watkins
75. The judges in the first-instance trial deliberately ignored an important document,
provided by the defendant, which can change the verdict in the commercial disputes
between EY Vietnam and PwC Vietnam. Which procedures can be requested by the defendant?
a. Cassation within 1 year from the date that first – instance adjudication was conducted
b. Re-opening within 1 year from the date that first – instance adjudication was conducted
c. Cassation within 1 year from the date that the verdict comes into effect
d. Re-opening within 1 year from the date that the verdict comes into effect
e. Appellate within 15 days from the date that first – instance adjudication was conducted
76. During the session for settling the dispute between a French businessman and a
Australian business man at the Ha Noi People’s Court, _____ is the language that will be used a. Vietnamese b. French c. English
d. As agreed by the involved parties
77. Which of the following is not correct about arbitration agreement?
a. Arbitration agreement must be established in written form
b. Arbitration agreement may be terminated according to the agreement between all the involved parties
c. Arbitration agreement may exist as a document which is totally seperated and
independent from the business contract
d. Regardless of the types of disputes, whenever there is an existing arbitration
agreement, involved parties must settle their dispute at the arbitration center