Seçmeli Ara Sınav - Business Law

Soru 1:

Which of the following is the right definition for the term 'legal person'?

A) A person who has been missing for a long time. B) A person who is declared legally dead. C) A baby who breaths at least once on its own. D) A child completely separated from the mother’s body. E) A non-human entity that is treated as a person for limited legal purposes.

Soru 2:

In unfair competition cases, when must the claimant bring a cause of action ?

A) Within five years from the date of the existence of the right to take an action and six months from the date when he/she learns about the damages. B) Within five years from the date of the existence of the right to take an action and one year from the date when he/she learns about the damages. C) Within three years from the date of the existence of the right to take an action and six months from the date when he/she learns about the damages. D) Within three years from the date of the existence of the right to take an action and one year from the date when he/she learns about the damages. E) Within three years from the date of the existence of the right to take an action and two years from the date when he/she learns about the damages.

Soru 3:

Which of the following is NOT among the business law resulted in contractual relations?

A) Sales of goods B) Carriage of goods C) Consumer credit agreements D) Labor relations E) Production of goods

Soru 4:

Which of the following is not among the 6 chapters of Turkish Commercial Code (TCC)?

A) The Book on Commercial Enterprise B) The Book on Commercial Companies C) The Book on Aviation Management D) The Book on Valuable Papers E) The Book on Transport (Carriage) Operations

Soru 5:

What are three sources of obligations according to Turkish Code of Obligations?

A) Positive consideration and Divisible consideration B) Contracts, Torts and Unjust Enrichment C) Debtor, Consideration and Creditor D) Recurring consideration and Non-recurring consideration E) Contracts and Considerations

Soru 6:

Which of the following is an "Interest as to its Nature"

A) compound interest B) contactual interest C) statutory interest D) capital interest E) simple interest

Soru 7:

According to the 'Turkish Commercial Code' (TCC) which of the following is introduced as a new model of company?

A) Corporate Forms of Companies B) Single-member limited liability company C) Limited Liability Company D) Cooperative Company E) Collective Company

Soru 8:

Which of the following alternatives is true regarding customary law?

A) For a custom to have legal validity, the members of the society should believe consciously or unconsciously in the rightness of the custom. B) For a custom to have legal validity and to be considered as a part of the customary law, a custom must not have existed for a period of time longer than 50 years. C) Customary law can not be used in commercial cases. D) For a custom to have legal validity, it shall also be applicable to criminal cases. E) If a custom has been present long enough, it shall be considered as a part of the customary law even if it is not given the sanction of state authority.

Soru 9:

Which of the followings refers to the interest calculated over the sum reached by the addition of a certain interest on the initial capital ?

A) Contractual interest. B) Commercial interest. C) Simple interest. D) Capital interest. E) Compound interest.

Soru 10:

Which of the followings refers to the interest payable to the creditor for being deprived of the amount of money that she/he lent to the debtor ?

A) Contractual interest. B) Simple interest. C) Capital interest. D) Contractual interest E) Compound interest

Soru 11:

Which of the following does business law NOT regulate?

A) Sale of goods, for example; implied terms and conditions, the effects of performance, and breach of such contracts and remedies available to the parties. B) The carriage of goods, including both national and international rules governing insurance, bills of lading, charter parties, and arbitrations. C) Environmental regulations. D) Consumer credit agreements. E) Labor relations determining contractual rights and obligations between employers and employees and the regulation of trade unions.

Soru 12:

The legal system in Turkey is:

A) Common Law system. B) Continental Law system. C) Anglo-Saxon Law system. D) Germanic Law system. E) Scandinavian Law system.

Soru 13:

Which one is negative consideration?

A) Building a structure B) Giving some money C) Restraint of trade D) Building a house E) Sculpturing

Soru 14:

What is the difference between a person with full capacity and a person with limited capacity?

A) A person with full capacity should have completed 18 years of age while a person with limited capacity should be younger than 18 years old. B) A person with limited capacity should be interdicted and a person with full capacity should not be interdicted. C) A person with limited capacity has limited capacity on specific legal transactions but a person with full capacity may enter into any kind of transaction. D) A person with limited capacity has discretion while a person with full capacity does not. E) A person with full capacity is responsible for all his/her tortuous acts while a person with limited capacity is not responsible for any of his/her tortuous acts.

Soru 15:

Instead of amending the provisions of the former law, the legislature decided to pass a completely new law for a modern and contemporary legal environment for the commercial business life in Turkish Republic. Which of the followings may not be considered among the reasons for this approach?

A) International markets and global trade. B) Developments related to corporate compliance and other company matters. C) Increasing demand and pressure from stock market. D) Technological developments and the Internet. E) Candidacy and negotiation process with EU.

Soru 16:

According to article 49 of the Code of Obligations, any person who unlawfully causes loss or damage to another, whether willfully or negligently, is obliged to provide compensation. Which one is anacted with this article?

A) Contractual liability B) Divisible consideration C) Unjust enrichment D) Contracts E) Tortuous liability

Soru 17:

Which of the following is an example for of acts which may constitute unfair competition?

A) authorized utilization of others’ business products B) predatory exploitation of another’s services or achievements C) revealing production and business informations lawfully D) complying with general business conditions, E) using general business terms and conditions without violating the rule of good faith

Soru 18:

If a person wants to buy a certain book and goes to a library and declares his intention to buy it, but he shows accidentally another book with a similar title, thinking that it is the book he had in mind, this situation is called:

A) Mistake as to nature of the contract. B) Mistake as to the quantity. C) Mistake as to requisite circumstances of the aimed contract. D) Mistake as to the identity of the other party. E) Mistake as to the identity of the subject-matter of the contract.

Soru 19:

I. The debts are transferred to the acquiring party as of the date of purchase, II. Merchant transferring the commercial enterprise shall no longer be liable for the debts, III. Merchant transferring continues to be a Merchant in terms of legal matters. Which of the ones listed above is among the legal consequences of acquisition of a commercial enterprise?

A) Only I. B) I & II. C) Only III. D) II & III. E) I & III.

Soru 20:

Which of the following is an essential element of a commercial enterprise?

A) The enterprise should generate an income below the craftsman’s turnover. B) The threshold should be below the level of the turnover of an enterprise. C) The commercial business should be continuous. D) A commercial enterprise should be dependent. E) The enterprise should lack the will/purpose to generate an income.