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Upon the dissolution of the Unlimited Partnership, the liquidator will distribute the assets among the partners based on: *

Their percentage of contribution to the capital

Their age and experience

Their performance in the management of the partnership

The status and the title of each partner

_______ in a Limited Partnership have the same characteristics of partners in Unlimited Partnership. *

Silent & active partners

Shareholders

Active partners

Silent partners

Kind contributions are of two types: ________ and ________. *

Fixtures, chattels

Fixtures; services

Assets; liabilities

Cash; chattels

A business concern is a ________ . *

multi-national business

non-profit enterprise

business company

business enterprise

The Limited Liability Company must be transformed into a/an________ if the number of partners becomes more than 30 within two years otherwise it must be dissolved. *

Holding Company

Joint Stock Company

Limited partnership

Unlimited Partnership

Which of the following is not one of the causes of dissolution for the Joint Stock Company? *

If it is not transformed within two years in case of mandatory transformation

Completion of the project

By a resolution following the loss of %75 of the capital

Expiration of the duration

The law stipulates that the Memorandum of Association of the Limited Liability Company must be signed by: *

The partner who owns the largest part

Partners who hold two thirds of the parts

All the partners

The chief clerk of the commercial registry

Appointing an auditor in Limited Liability Company becomes obligatory upon a request

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