MERCANTILE CHAPTER 3

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Master Business Law Quiz

Test your knowledge of mercantile law and entrepreneurship with our engaging quiz! Designed for students, business enthusiasts, and professionals, this quiz will challenge your understanding of essential concepts related to entrepreneurship and commercial dealings.

10 thought-provoking questions
Multiple choice format
A great way to reinforce your learning

10 Questions2 MinutesCreated by InnovativeLawyer531

The legal definition of entrepreneur is laid down

In the civil code

In the Spanish constitution

In what has to be interpreted from the content of the Art 1 C.Com

None of the above

The consequences derived from being an entrepreneur are

The acquisition of the «legal status» of entrepreneur, which implies certain obligations.

The acquisition of the «legal status» of entrepreneur, which implies certain privileges.

Subject to the application of civil rules.

None of the above.

The individual entrepreneur

Is considered to be businesspersons who, having the legal capacity to engage in business, does so on a regular basis.

Is the one who has special legal capacity

Is not regulated in Com, as the law only contemplates merchants

None of the above.

Which requirement of the concept of entrepreneur is not mentioned by law but has been shaped by case law?

To act on his/her own behalf

To develop an effective and regular practice of business activities,

To have the legal capacity to engage in business

None of the above

Minors or and emancipated minors

Are not allowed to fund a business on their own

Are permitted to act as an entrepreneur

Can be an entrepreneur, despite the fact that they cannot “act” as an entrepreneur

None of the above

The doctrine of «lifing the corporate veily is shaped by court decisions and means

That the shareholders could be held liable for the company debts and obligations alongside the legal person.

That the business is not conducted lawfully and the members of the company abuse the law.

That shareholders are frequently using the structure of the legal person as an umbrella in order to shield themselves from responsibility.

All of the above.

Consumer Law states that the service provider shall be liable for damages caused by defects in a product, even though he is not the one that has manufactured or imported the product, when;

The manufacturers or importers into the European Union of finished products, any components that are built into a finished product, or raw materials that could be eventually liable, are not liable.

The manufacturers or importers into the European Union of finished products, any components that are built into a finished product, or raw materials that could be eventually liable, cannot be identified.

The service provider can never be liable

None of the above.

The law provides the causes of release from liability of producers and, accordingly, the legal prescription that they shall not be liable if it can be proved:

That they did not put the product into circulation or that the defect did not exist when they put the product into circulation, or the existence of the defect could not be perceived.

That the product was not manufactured for sale.

That the defect is due to the fact that the product was made in accordance with existing mandatory rules.

All of the above.

In Commercial dealings by married persons:

Only the assets pertaining to the spouse engaging in business, and those assets acquired with the proceeds, shall be direct held subject to liability.

Commercial law declares that the express or implied shall be required of both spouses for certain common assets derived from commercial activity to be subject to liability.

In order to bind the private property of the sole trader's spouse an express consent in writing is due.

All of the above.

Contracts entered into by the «Notorious factor»:

Shall always be understood to be conducted on account of the owner of that firm

Shall be understood to be conducted on account of the owner of that firm or company, even when the factor has not stated he/she is acting on behalf the principal.

Shall be understood to be conducted on account of the owner of that firm or company, even if abuse of confidence, transgression of powers or appropriation by the factor of the goods subject to contract is alleged

All of the above

MERCANTILE CHAPTER 3

Master Business Law Quiz

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