BUSINESS LAW MIDTERM EXAM REVISION What can be

BUSINESS LAW MID-TERM EXAM REVISION

What can be brought into the Exam? �Legal Text Materials �Paper Dictionary �Personal Notes What cannot be brought into the Exam? �Electronic Dictionary �Powerpoint Slides

Mid-term Exam: Content & Time �Contents: ◦ Part 1: ‘True/False’ / ‘Fill in the blank’ questions & Multiple Choice Questions ◦ Part 2: 2 Case Study Questions �Time: ◦ Reading & Writing time: 90 minutes

Content weight? �Part 1(MCQ): 40% ◦ 20 questions in total ◦ 2 marks for each question �Part 2 (Case Study): 60% ◦ 2 Cases in total ◦ 30 marks for each case �Total: 100%

Part I & II �Select and write your answers in the exam question sheets first �Then transfer your final answers to the answer sheets �Be confident with your choices! �Remember the time!

Part I & II �Topics ◦ ◦ ◦ ◦ covered: Nature of Business Law and Business Entity Business household/individual Private enterprises Limited Liability Companies Shareholding companies Partnership Reorganization

Part II. Case Study �Outline to answer case study: ◦ http: //iulaw. wordpress. com/2012/03/18/pr eparation-for-mid-term-exam/ ◦ ◦ 1. Outline legal issue(s) 2. State relevant laws 3. Application 4. Conclusion

Tips for Case Study �Strictly follow the 4 -step outline, why? ◦ It helps you to keep track of your answer ◦ Saves you time ◦ Your answer format will look better and it will be clearer to the examiners

Tips for Case Study �Do not use the white-out �Read the question carefully �Highlight the keywords/information �Choose your side and stick with it �Remember to reference the relevant laws �Consider your timing �Consider your wording �Be confident in yourself

Case Study 2 Mr. Nam is a founding shareholder of Minh Nam Co. - a shareholding company trading rubber that has been established since October 2010. Mr. Nam personally holds 25% of the company’s ordinary shares and a small amount of voting preference shares. In 2012, Mr. Nam wants to reside in USA with his family permanently; he plans to sell all his shares (both ordinary and voting preference shares) to others before leaving the country. Mr. Nam comes to seek your advice on how he may do so?