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Mercantile T4

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Test Your Mercantile Knowledge

Are you ready to challenge your understanding of mercantile laws and regulations? This quiz covers essential topics that every aspiring businessperson should know.

10 carefully crafted questions
Multiple choice format
Perfect for students and professionals alike

10 Questions2 MinutesCreated by NavigatingBooks102

Which of these books is not mandatory to hold?

Inventory and annual accounts book

General ledger

Diary

All of the above

How long shall the businessperson keep the books and records?

2 months

6 months

2 years

6 years

Who is not obliged to register in the business register?

A limited liability company

A sole trader (entrepreneur)

A joint-stock corporation

A shipowner

Whish register deals with the names of the companies?

The movable property register

The business central register

The business register

The names of companies register

Which is the appropriate appellate body for when the register issues a negative classification?

The supreme court

The business central register

The directorate-general for legal security and certification

A sole trader, who is not registered in the business register, wants to register an act related to power to confer to a general proxy. Is it possible?

Any act can be registered, even if the sole trader is not registered in the business register

A sole trader is not entitled to register in the business register

A sole trader cannot register any act in the business register unless he has already been registered

None of the above answers is correct

Which is the only means of conveying the authentic nature of entries in the register?

The register shall issue an extract

The register shall issue a record

The register shall issue a note

The register shall issue a certificate

When are registered documents enforceable to third parties?

From their publication in the BORME

From the publication in the BOE

From their creation

From their registration in the business register

What does constitute effectiveness of an act mean?

The act is valid even if is not recorded in a public deed

The act shall derive from constitution law

The act has no validity until it is registered

The act is valid before it is registered

What is the system that makes sharing information possible between mercantile registries of different member states?

Target2-securities

Blockchain

Bris

EU-business connection

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