Seçmeli Ara Sınav - Business Law

Soru 1:

Which of the following is an example of public law legal persons?

A) Cooperatives B) Bar associations C) Corporation D) General Partnership E) Limited Liability Company

Soru 2:

Which of the following is not a type of company under Turkish commercial law?

A) Collective B) Comandite C) Joint stock corporation D) Limited liability E) Commercial companies

Soru 3:

Which of the following is true about the unilateral legal transactions ?

A) They are formed by the assent of a single person. B) There are at least two intentions declared. C) There are several declarations of intentions. D) The assents of the parties must be declared in accordance with each other. E) The assents of more than two persons are declared towards a common legal interest.

Soru 4:

Which one is given exactly Turkish Code of Obligation sources?

A) Contracts B) Torts C) Unjust enrichment D) Contracts and torts E) Contracts, torts and unjust enrichment

Soru 5:

"To act as a diligent businessman" indicates the expectation that:

A) A merchant registered in the Trade Registry has to get registered with the relevant chambers. B) A merchant has to keep necessary books and keep documents as required by the law. C) A merchant has to get his/her enterprise and trade name registered in the Trade Registry within 3 months following the commencement of the enterprise. D) A merchant has to foresee legal and economic circumstances and foresee future. E) A merchant has to issue an invoice regardless of the fact that the requesting party is a merchant or not.

Soru 6:

What is a key difference between a commercial company and an ordinary partnership?

A) There is not key any difference, the concepts are interchangeable. B) A commercial company has legal personality while an ordinary partnership does not have legal personality. C) During the operation of an ordinary partnership the statutory meetings, changes in the shareholders need to be notified with the relevant authorities while in a commercial company this is not obligatory. D) In a partnership only the authorized organs have the right for representation while in a company all the company shareholders have the right to represent the company. E) There are no formal requirements for the establishment of a commercial company but there are statutory requirements in the case of the establishment of an ordinary partnership.

Soru 7:

A declares B that he wants to sell his bicycle for 500 TL. B wants to buy the bicycle, but he declares that he shall only pay 350 TL. Which one can not be told about this situation?

A) There are two decrations of intention B) B accepted the offer of A C) The declaration of intention belonging to B is a new offer D) A have a chance to accept the offer of B or have a new offer E) A contract is not form between A and B

Soru 8:

A person who is capable of making fair judgements but is not of full age is deemed to have _______ . Which of the following completes the sentence correctly?

A) full capacity B) limited incapacity C) limited capacity D) full incapacity E) the concept of majority

Soru 9:

Which of the following sources of Turkish law is not binding?

A) Presidential Decrees. B) Constitution. C) Doctrine. D) Codes and Statutes. E) By-Laws.

Soru 10:

Which of the following is a consequence of incorporation as a company?

A) A company’s property belongs only to its directors, management or shareholdersno to the legal personality created by the establishment of the company B) Foreconomic assets or movables subscribed, the company as the owner may conclude transactions on the assets defined. C) A company is not responsible for its own debts and liabilities but its shareholders are D) The shareholders and, as a general rule, directors are liable from the total amount of debts of the company. E) Registration in the statutory registries do not remove the good faith (prevails the good faith arguments)

Soru 11:

Which of the following is FALSE about business law?

A) It may be relevant to starting and managing a business. B) It is relevant to issues such as selling and buying, and the related contracts. C) Business law is mainly used among merchants who are real people. D) Transferring a business may be a subject of business law as well. E) Intellectual property can also be regarded as an important topic in business law.

Soru 12:

Why does a branch or a commercial representative not qualify as a commercial enterprise?

A) Because a branch is considered to be temporary and not continuous. B) Because a branch has a legal capacity that is much broader than a commercial enterprise. C) Because a branch can never generate an income above the threshold level announced by the President. D) Because a branch is not an independent unit. E) Because a branch's generated income will always be under the level of the turnover of a craftsman’s enterprise.

Soru 13:

Which of the following alternatives is true regarding legal consequences of being a merchant?

A) A merchant who produces, sells goods or provides services has to issue an invoice only if the requesting party is a merchant. B) The merchant can request from the court a decrease in the interest or in the fine arising from commercial business. C) Within 100 days following the commencement of the commercial enterprise all merchants are under the obligation to have and get it registered and use a trade name. D) All debts of a merchant are considered to be commercial even if the merchant clearly states that the transaction concerned is not related to his/her commercial business. E) A merchant has the right to request payment for services or goods provided within the scope of commercial business and claim interest for the advance payments made.

Soru 14:

Which of the following alternatives is true regarding the acquisition of a commercial enterprise?

A) The merchant who transfers his commercial enterprise does not lose his status of being a Merchant. B) Together with the acquiring party, the merchant who is transferring the commercial enterprise shall continue to be jointly liable from the debts for two years. C) A commercial enterprise is to be acquired only with its credits and not its debts. D) The debts will be transferred to the acquiring party only if a separate agreement on the debts is made in advance. E) Even though the acquisition of a commercial enterprise is agreed with a written agreement, the acquisition of an immovable property which is included within the assets of the commercial enterprise must be registered or agreed separately.

Soru 15:

Which is a false representation of fact with the intension of including the other party to conclude a contract?

A) Mistake B) Duress C) Fraud D) Debtor E) Creditor

Soru 16:

Which of the following is true about the statutory requirements of companies?

A) Only commercial companies have a personality separate from the personality ofthe founder partners. B) Commondite companies are established for profit making purposes C) Some companies should have and operate under a trade name to be registered with the commercial registry D) To invest a capital in the company is not a duty for the shareholders E) Only commercial companies should get the foundation and the required info with the Commercial Registry.

Soru 17:

In the hierarchy of written laws which of the following occupies the highest place?

A) Public law B) Criminal law C) Turkish Grand National Assembly D) The Constitution E) Kelsen’s pyramid

Soru 18:

In cases of criminal offences arising out of unfair competition, statute of limitations is :

A) 6 months. B) 1 year. C) 3 years. D) 5 years. E) 7 years.

Soru 19:

What is required in financial statements, boards of directors’ annual reports, independent audits, transactional auditors and all audit reports of individual companies and group of companies?

A) Accountability B) Representation C) Partnership D) Fairness E) Transparency

Soru 20:

According to the fundamentals of corporate governance under the TCC (Turkish Commercial Code) which of the following does corporate governance principles NOT aim to maintain?

A) Transparency B) Fairness C) Accountability D) Partnership E) Responsibility.