LAW101

A

QN=1 According to Vietnamese law, offer can be revoked if ( ). a. Communicated to offerree before his/her acceptance b. Communicated to offerree at any time c. Communicated to offerree at reasonable time d. Communicated to offerree after his/her acceptance

D

QN=1 According to Vietnamese law, the contract for sale of goods shall be terminated in case ( ). a. The Seller performs the late delivery of goods b. The Buyer breaches his payment obligation c. The goods are destructed on the way to the Buyer's store d. It is unilaterally rescinded by the Seller/Buyer in the event agreed in the contract

D

QN=1 According to the law of Vietnam, the number of members of the board of management ( ). a. Must be three at least b. Must be eleven at least c. Must be three at least but not more than eleven d. Must be three at least but not more than eleven unless otherwise provided by the charter

A

QN=1 Advertisements, window displays, catalogs, price lists, etc. are common types of ( ) to make an offer. a. Invitation. b. New offer. c. Disagreement. d. New acceptance.

a

QN=1 If a contract states no time for performance, when must it be performed? a. Performance must ordinarily be rendered within a reasonable time b. Performance must ordinarily be rendered within a time agreed by contractual parties c. Performance will be rendered at any time d. None of the choices: "Performance must ordinarily be rendered within a reasonable time", "Performance must ordinarily be rendered within a time agreed by contractual parties" and "Performance will be rendered at any time"

B

QN=1 In Vietnam, adult are full ( ) or older: a. 16 years old. b. 18 years old. c. 19 years old. d. 15 years old.

D

QN=1 In Vietnam, either of parties to a contract dies, which cannot be replaced by a new party because of personal requirements, the contract will be ( ). a. Void b. Unenforceable c. Voidable d. Discharged

A

QN=1 In Vietnam, if dividend payment is made in cash, it must be made in ( ). a. Vietnam dong b. USD c. Singapore dollar d. Any other currencies

D

QN=1 In Vietnam, the rights and interests of the consumers shall be protected by ( ). a. The Law on Protection of Consumer's Interests b. The Civil Code c. The Law on Protection of Consumer's Interests and Civil Code d. The Law on Protection of Consumer's Interests and Civil Code and other relevant legal instruments enacted by the State

B

QN=1 Personal property that securely attached to real estate in order to become part of the real estate is called ( ). a. Cars b. Fixture c. All of the choices: "Cars", "Fixture", and "Cups" d. Cups

A

QN=1 Pursuant to the Vietnamese law of contract, the obligor is entitled to refuse to perform the obligations assigned from the obligee to the assignee in case ( ) unless otherwise agreed by the parties. a. He is not prior notified of the assignment in writing b. The assignment is not approved by him in advance c. The assignment is notified him but he does not approve d. The assignment does not benefit the obligor

D

QN=1 The ( ) is the one who makes the offer in the auction sales. a. Offeror b. Offeree c. All of the choices: "Offeror", "Offeree", and "Bidder" d. Bidder

B

QN=1 The law set the rules of conduct for many transactions so that we will know how to ( ) disputes. a. Avoid b. Terminate c. Both of the choices: "Avoid" and "Terminate" d. None/ All of the choices: "Avoid" and "Terminate"

A

QN=1 The right to have a corporate seal is ( ). a. Incidental power of corporation b. All of the choices: "Incidental power of corporation", "Express power of corporation", and "Implied power of corporation" c. Express power of corporation d. Implied power of corporation

D

QN=1 The title to existing goods, identified at the time of contracting and not to be transported, passes to the buyer ( ). a. At the time and place of delivery b. At the time of delivery and place of the seller c. At the time and place of contracting d. At the time the seller has completes the delivery

B

QN=1 To be valid, a stockholders' meeting requires the presence of a minimum number of shares that must be represented in order that business may be lawfully transacted. This is called ( ). a. Requirement on quasi contract b. Requirement on quorum c. Requirement on voting trust d. Requirement on voting

B

QN=1 Under UCC, the seller expects to acquire the goods in the future either by ( ) or by manufacture. a. Sell b. Purchase c. Borrow d. Lease

D

QN=3 A manifestation must ( ) to be an offer. a. Be definite b. Show the manifesting person's intention to be legally bound c. Be communicated to a person who the manifesting person intents to be bound with d. Be definite, show the manifesting person's intention to be legally bound and be communicated to a person who the manifesting person intents to be bound with

C

QN=3 According to the law of Vietnam, the charter capital of the corporation is ( ) a. The total money value of its assets b. The minimum capital required by law c. The amount of money registered in the business registration certificate d. The declared money value of its outstanding stock

B

QN=3 For food or drink, the sale carries the ( ) that the food is fit for its ordinary purpose of human consumption. a. Limited warranty b. Implied warranty c. Express warranty d. Full warranty

C

QN=3 In Vietnam, if the contract is not impossible to perform on the ground that subject matter of the contract no longer exists, the parties to a contract may ( ). a. Agree to make the contract invalid b. Treat the contact voidable c. Agree to substitute the subject matter of the contract with another subject matter or to compensate for any damage d. Unilaterally terminate the contract

A

QN=3 In Vietnam, the contract for the third party's interest cannot be revoked except in the case that ( ). a. The third party agreed so. b. If the third party is donee beneficiary c. Two parties to a contract agreed to do so

A

QN=3 Liquidated damage is ( ). a. Agreed by both parties to a contract in advance in the event a breach of the contract b. Announced by the court to punish aggrieving party if needed c. Fixed equal to injuries to enforce fairness d. Punished when no damage occurs

A

QN=3 Right to purchase new shares in proportion to shares owned is called ( ). a. Preemptive right b. Right of voting c. Right to stock option d. All of the choices: "Preemptive right", "Right of voting", and "Right to stock option"

C

QN=3 The ( ) shall have the limited liability. a. General partner b. Proprietor c. Shareholder d. Joint venture party

A

QN=3 To see whether Personal Property is regarded as real property, it is essential to look at ( ). a. What is the purpose of attachment and who attached the personal property? b. Intention to install the personal property only c. Person installing the personal property needs to be true owner only d. Whether the personal property is tangible or intangible

A

QN=3 Under Vietnamese 2005 Civil Code, civil transactions with purposes and contents violating prohibitory provisions of law or contravening social ethics will be ( ) a. Void b. Valid c. Voidable d. Legal

B

QN=3 When a joint contract is not carried out may the aggrieved party must sue ( ). a. Either of joint- parties individually b. All of joint-parties together c. None of joint-parties d. Several-parties

C

QN=3 Which is the following sentence right? a. In Vietnam, private company is entitled to issue share. b. In Vietnam, private company is entitled to issue stock. c. In Vietnam, private company has unlimited liability. d. In Vietnam, private company has limited liability.

D

QN=3 Who are not capable of making a legally enforceable contract a. Adults b. Minors c. Mentally incompetent people d. Minors and/ or mentally incompetent people

A

QN=4 A (an) ( ) consists of a mutual exchange of promises to perform some future acts. a. Bilateral contract. b. Bilateral contract, Quasi contract and Executory contract. c. Quasi contract. d. Executory contract.

B

QN=4 A corporation is ( ). a. An agreement of individuals b. An association created by law into an entity c. A person d. An agreement of individuals, an association created by law into an entity and a person

C

QN=4 A corporation shall not be held liable on contracts negotiated by its promoter on its behalf prior to incorporation unless ( ). a. Such contracts benefit it b. Such contracts do not harm it c. It ratifies or adopts such contracts d. Such promoter becomes its director

A

QN=4 A person has the rights to sue based on ( ). a. Statue of limitation b. Time issued by court in case by case c. Time fixed by both party before hand d. Statue of timing-suit.

C

QN=4 According to the law of Vietnam, ( ) has an unlimited liability. a. A member of a limited liability company b. A shareholder c. A general partner d. An owner of an one-member limited liability company

B

QN=4 After reaching majority, minors may treat the contract made by them during minority to extent which ( ). a. Rejects it at any time b. Ratifies it within reasonable time c. Keeps silence to reject it d. Accepts it at any time

C

QN=4 If the offer is communicated by means of facsimile without specifying any particular manner of acceptance, the acceptance could be ( ). a. Communicated by email b. Communicated by email or facsimile c. Communicated in an reasonable manner d. Communicated as required in the offer

A

QN=4 In case, ownership of shares is not evidenced by a stock certificate, ownership is shown on ( ). a. The corporation's corporate record book b. The corporation's bylaws c. The corporation's articles of incorporation

B

QN=4 The third party beneficiary may claim for his/ her rights under the contract in the case of ( ). a. Donee beneficiary b. Creditor beneficiary c. Incident beneficiary d. Either of Donee beneficiary, Creditor beneficiary or Incident beneficiary

A

QN=4 Under UCC, ( ) is a sale of goods. a. A sale of furniture b. A sale of copyrights c. A sale of land d. A sale of shares

B

QN=4 Under UCC, if the sale price of a contract for the sale of goods is equal to or more than $500, the contract will not be valid if it is not ( ). a. In writing b. In writing and the oral evidence is not permitted c. Under seal d. Under signature

A

QN=4 Warranty implied by all sellers is ( ). a. Title b. Merchantability c. patent or trademark infringement d. Fitness for particular use of buyer

B

QN=5 A revocation of an offer is valid if communicated to the offeree ( ). a. Prior to a counteroffer b. At any time before its acceptance c. At any time. d. Prior to inquiry

A

QN=5 According to the contract law of the US, how many requirements that a contract must meet in order to be valid a. 5 b. 4 c. 3 d. 6

D

QN=5 According to the law of Vietnam, ( ) is a legal entity. a. A sole proprietorship b. A branch of a corporation c. A representative office of a corporation d. A partnership

B

QN=5 After singing the contract, the obligation under contract is impossible to perform, both parties may treat the contract ( ). a. Invalid b. Discharged c. Voidable d. Unenforcable

A

QN=5 In accordance with UCC, ( ) is not a sale contract. a. A purchase of a real estate b. A purchase of automobiles c. A purchase of potatoes d. A sale of computers

C

QN=5 Multiple ownership of husband and wife during marriage is ( ). a. Tenancy in common b. Joint tenancy c. Tenancy by entirety d. Common tenancy

E

QN=5 Warranties of all sellers include ( ). a. Warranty of title b. Warranty against encumbrances c. Warranty of conformity to description, sample and model d. Warranty of fitness for a particular purpose e. Warranty of title, warranty against encumbrances, warranty of conformity to description, sample and model and warranty of fitness for a particular purpose

C

QN=5 When one assigns rights under a contract the assignee can receive ( ). a. Greater rights than the assignor held b. Less rights than the assignor held c. Equal rights that the assignors held d. The rights to extent which depends on the assignor's intention

B

QN=6 According to the law of Vietnam, members in joint-stock company have ( ). a. Unlimited liability b. Limited liability c. Both of unlimited liability and limited liability d. Either of unlimited liability or limited liability

C

QN=6 Goods, in a sale of goods, mean ( ). a. Immovable property b. Intangible movable property c. Tangible movable property d. Immovable property, intangible movable property and tangible movable property

C

QN=6 The nature of Articles of Corporation is a/an ( ). a. Commitment b. Promise c. Contract d. Unilateral contract

C

QN=6 The seller says as "Our products are on the top of the World." His oral statement is ( ). a. An express warranty b. An implied warranty c. The seller's puffing

A

QN=6 Unless otherwise expressed, a promise made by two or more people is generally presumed to be ( ). a. Joint contract b. Several contract c. Joint and several contract d. Based on later consent of both parties

B

QN=7 Members in joint-stock company have ( ). a. Limited liability b. Unlimited liability c. Either of limited liability or unlimited liability d. Both of limited liability and unlimited liability

B

QN=7 The King offers to pay $100,000 to anyone who kills the Monster and brings the Princess back to the Kingdom. Robin cuts the Monster' head off and brings the beautiful Princess back, the King gives such hero the bonus of $100,000. In this case, there is ( ). a. A bilateral contract existing b. A unilateral contract existing c. No contract existing

D

QN=7 Under UCC, price in a sale of goods could be paid for by ( ). a. Money b. Goods c. Services d. Money, goods and services

D

QN=8 According to the law of Vietnam, the number of members of a limited liability company shall not exceed ( ). a. 02 b. 05 c. 15 d. 50

A

QN=8 Simple contracts may be ( ). a. Implied from the conduct of the parties b. Imposed by Law c. A quasi-contract d. Implied from the conduct of the third party

C

QN=9 A general partnership is ( ). a. A partnership with no limitation on rights of partners b. A partnership with no limitation on duties of partners c. A partnership with no limitation on rights, duties and/or liabilities of partners

A

QN=9 Under UCC, if the sale is divisible with a legal part and an illegal part, the court will ( ) a. Enforce the legal part only. b. Announce the whole contract invalid c. Recognize the whole contract valid d. Leave choice to avoid contract to both parties

C

QN=3 A ( ) must be in a special form or be created in a certain way. a. Executory contract b. Oral contract c. Formal contract d. None of the choices "Executory contract", "Oral contract" and "Formal contract"

A

QN= 3 In case a contract for sale of goods is ( ), the seller shall be obliged to deliver the goods to the initial carrier. a. A shipment contract b. A destination contract c. A COD contract d. A F.O.B (UCC) contract

C

QN=1 ( ) of the sole proprietorship has ultimate and unlimited liability for its debts. a. The employee b. The agent c. The owner d. The creditor

A

QN=1 A ( ) is one in which two or more people are bound both jointly and severally. a. Joint and several contract b. Joint contract c. Several contract d. None of the choices "Joint and several contract, Joint contract and Several contract"

A

QN=1 A statement "this is a good engine" is ( ). a. Merely the seller's opinion b. An express warranty c. An implied warranty

C

QN=1 A voidable contract ( ). a. Must be in writing. b. Must be rejected by both parties. c. Gives one party the choice to abide by it or reject it. d. Is never effective.

D

QN=1 According to Vietnamese 2005 Civil Code, to be effective, a civil transaction must ( ). a. Be created by the persons having full civil act capacity b. Have the purposes and contents which do not violate prohibitory provisions of law and are not contrary to social ethics. c. Be created voluntarily by the persons participating in the civil transaction d. All of the choices: "Be created by the persons having full civil act capacity; "Have the purposes and contents which do not violate prohibitory provisions of law and are not contrary to social ethics"; and "be created voluntarily by the persons participating in the civil transaction"

D

QN=1 According to Vietnamese Law, which below property is defined as real property a. Motorbike b. Chicken c. Horse d. Property attached securely to land

A

QN=1 Under Vietnamese 2005 Commercial Law, if the purchase and sale contract states the time of delivery of goods, then ( ). a. The contractual parties are required to deliver goods at the time agreed in the contract b. The contractual parties are required to deliver goods at the time not to be agreed in the contract c. The contractual parties are required to deliver goods at the time agreed in another document d. All of The contractual parties are required to deliver goods at the time agreed in the contract, The contractual parties are required to deliver goods at the time not to be agreed in the contract and The contractual parties are required to deliver goods at the time agreed in another document

D

QN=1 Watered stock is ( ). a. Reacquired by a corporation b. With assigned face value c. Giving special advantage d. Issued as fully paid up, but paid with property of inflated values

A

QN=10 A proprietor must be ( ). a. A person b. A legal entity c. A corporation d. A household

D

QN=10 Under UCC, which property subjects to Sales? a. House b. Land c. Copyrights d. Horse

C

QN=2 A ( ) is one in which the terms are set forth in writing rather than expressed orally. a. Executed contract b. Executory contract c. Written contract d. Oral contract

B

QN=2 A ( ) who contracts with an adult may avoid the contract or treat the contract as valid and then the adult is bound by it. a. Intoxicated person. b. Minor. c. Convict. d. None of Intoxicated person, Minor and Convict

C

QN=2 According to Vietnamese law, one party to a contract may unilaterally terminate the contract unilaterally when ( ). a. Prohibited by Law b. Banned by Law c. Provided under contract that either of party is entitled to do so d. Agreed by court

C

QN=2 An implied warranty differs from an express warranty in that ( ). a. It is made by the seller and is imposed by the law b. All of the choices: "It is made by the seller and is imposed by the law", "It is not made by the seller but is imposed by the law", and "It is made by the seller but is imposed by the law". c. It is not made by the seller but is imposed by the law d. It is made by the seller but is imposed by the law

A

QN=2 An offer that does not specify a ( ) of acceptance may be accepted in any manner reasonable under the circumstances. a. Particular manner b. Participated manner c. Unparticipated manner d. Particular manner, Participated manner and Unparticipated manner are right.

A

QN=2 Bankruptcy leads to ( ). a. Terminate a contract by law b. Invalidate a contract c. Avoid a contract d. Invalidate the contract

A

QN=2 In 2005 Enterprise Law, the minimum number of shareholders in joint-stock company is ( ). a. 03 b. 06 c. 07 d. 08

A

QN=2 In Vietnam, The General Meeting of Shareholders shall be conducted where the number of attending shareholders represents at least ( ) per cent of the voting shares. a. 65 b. 55. c. 75 d. 50

A

QN=2 In Vietnam, a civil contract will be governed by ( ). a. 2005 Civil Code b. 2005 Enterprise Law c. Constitution d. Housing law

B

QN=2 In Vietnam, if both parties under Contract are not businessman and having contracted for life- needs. If, dispute happens, court will employ ( ) to resolve the case. a. The Commercial Law 2005 b. The Civil Code 2005 c. The Enterprise Law 2005 d. The Civil Law 2005

A

QN=2 In Vietnam, minor is under full ( ) years old. a. 18 b. 21 c. 25 d. None of 18, 21, and 25

A

QN=2 In Vietnam, offer and acceptance are governed by ( ) a. 2005 Civil Code b. 2005 Enterprise Law c. Constitution d. Land law

D

QN=2 In Vietnam, state owned company is stated in detail in ( ). a. 2005 Civil Code b. 2005 Commercial Law c. 2009 Law on Personal Income Tax. d. None of the choices: "2005 Civil Code", "2005 Commercial Law" and " 2009 Law on Personal Income Tax".

A

QN=2 In case existing goods require transporting, when does title to the goods pass to the buyer? a. Title to the goods passes to the buyer when the seller has completed delivery. b. Title to the goods passes to the buyer when delivery has just begun. c. Title to the goods passes to the buyer before the seller's manufacture finishes. d. All of the choices: "Title to the goods passes to the buyer when the seller has completed delivery"," Title to the goods passes to the buyer when delivery has just begun", and "Title to the goods passes to the buyer before the seller's manufacture finishes".

C

QN=2 Knight Corporation signs a contract for purchase of land to build its factory. Its action is within ( ). a. Express power b. Implied power c. Incidental power

A

QN=2 The common shareholder is an owner of ( ). a. Common share(s) b. Voting preference share(s) c. Dividend preference share(s) d. Redeemable preference share(s)

D

QN=2 The most common ways real property can be owned by more than one person include ( ). a. Tenancy in common b. Joint tenancy c. Tenancy in entirety d. All of the choices: "Tenancy in common", "Joint tenancy" and "Tenancy in entirety"

D

QN=2 Third party can become involved in a contract by ( ). a. Novation b. Assignment c. Delegation d. Novation, assignment and delegation

D

QN=2 Under UCC, an oral contract may be enforced if the buyer has made full ( ) on the contract. a. Agreement b. Termination c. All of the choices: "Agreement", "Termination" and "Payment" d. Payment

B

QN=2 Under Vietnamese law, when one transfers rights under contract, a notice needs to be given to the non-assigning party in a form of ( ). a. Oral b. Written c. Conduct d. Any kinds

B

QN=2 Who manages the corporation? a. Officers b. Both of the choices: "Directors" and "Officers" c. Directors d. None of the choices "Directors" and "Officers"

A

QN=3 ( ) is taking possession of the goods. a. Receipts b. Bill of sale c. Invoice d. None of the choices: "Receipts", "Bill of sale" and "Invoice"