Question

The business concern is owned by one person. *

False

True

If the nullity is related to the public policy, then the company is void with relative nullity. *

False

True

The buyer of a Business Concern can change the nature of the business. *

True

False

The Commercial Representative can represent his principal in front of the court. *

False

True

Tools and furniture are fixtures. *

False

True

The debts of the business concern shall be automatically transferred to the purchaser. *

False

True

Joint Stock Company is a prototype of Partnership. *

True

False

The business concern consists of two types of elements: Corporeal and Incorporeal. *

False

True

Generally, all companies in Lebanon are governed by the Lebanese Code of Commerce, and Labor Law. *

False

True

Commercial representatives are classified as merchants. *

True

False

If the sale of a Business Concern is not registered in the Special C.R., it shall have no effect towards third parties. *

True

False

A business concern may exist without a patent. *

True

False

To inform third parties, the commercial representation contract should be registered at the commercial register and the Ministry of Economy and Trade. *

True

False

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

True

False

Changing the legal form of the commercial representative into a partnership when the partners are not accepted by the supplier is considered an unlawful reason for the termination of the commercial representation contract. *

False

True

The purchaser of the Business Concern must not pay the price until after the expiry of the 5 days as from completing the publication formalities. *

True

False

Lease right is among the corporeal elements of a business concern. *

False

True

Commercial companies are usually performed in the field of agriculture activities or by professional associations. *

True

False

If a civil company takes the shape of a Limited Partnership, it will be subjected to merchants’ obligations which are to be registered in the commercial register and to hold commercial books. *

False

True

The commercial representation contract is similar to the employment contract. *

True

False

Answer 1

1) False

Explanation - Any business or industrial enterprises can be owned by multiple people. As by becoming business partner or shareholder.

2) True

Explanation - Yes, If the nullity is related to the public policy. Company is void with relative nullity. because it can protect the party and legally void.

3) True

Explanation - If any person buy the industrial or commercial enterprise. They can change the nature of the business. As they have the authority and right to change his business.

4) True

Explanation - According to commercial law, Principle is the person, natural or legal. Who have the authority to represent his case in the court. The person who represent in court is called the commercial representative.