KVV Inc. Training Centre Test - Parties to a Contract

Parties to a Contract
This is a Multiple Choice questionnaire of 10 questions.

Please read each question carefully and provide your answers as indicated.

Good Luck!

T&C's apply.

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* 1. Kindly provide your full details to begin with test.

Full Name

Company

Email Address

Contact Number

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* 2. By which document is an Individual identified?

Identity Document

Death Certificate

Doctors note

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* 3. A Customary Marriage in South Africa is regarded as being:

Out of Community of Property

In Community of Property

Illegal

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* 4. Must an individual married According to the Laws of a Foreign Country be assisted by his/her spouse on a contract?

No, not at all

Yes, every time

Yes, but only when selling an asset or burdening the estate

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* 5. At what age does a minor achieve majority?

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* 6. An insolvent individual is represented by:

A liquidator

A curator

An Executor

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* 7. A deceased individual is represented by:

A liquidator

A curator

An Executor

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* 8. A company is represented by:

Directors

Members

Trustees

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* 9. Who is authorized to sign documents on behalf of a legal entity?

Director

Trustee

A person authorized by resolution

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* 10. Can a person purchase a property on behalf of a Trust to be formed?

Yes

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* 11. How is a Company dissolved to not exist anymore?

It cannot be dissolved

By way of a liquidation application to the High Court

By notice in a local newspaper