BUSINESS LAW- QUIZ

Duration: 45 minutes

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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
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, can not 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
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 an 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 thas the
right to convene meeting of member councils?
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 hold 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:
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 has 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 are allowed to manage the partnership
b. General partner of a partnership can be owner of a private enterprise if approved
by partners 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