United States of America

Which description of Delaware courts is accurate?

• Delaware courts have jurisdiction limited to traffic violations
• Delaware courts have no role in disputes involving corporations or shareholders
• Delaware courts have specialization mainly in family-law adoptions
• Delaware courts have deep experience with disputes involving corporations, boards and shareholders

Which fact best describes large body of Delaware corporate case law?

• A large body of Delaware corporate case law guarantees one side will always win
• A large body of Delaware corporate case law can make legal outcomes more predictable
• A large body of Delaware corporate case law eliminates the need for any court decisions
• A large body of Delaware corporate case law makes all corporate outcomes random

What is the correct interpretation of incorporation in Delaware?

• A company can be incorporated in Delaware only if all of its sales occur in Delaware
• A company can be incorporated in Delaware without having its headquarters there
• A company can be incorporated in Delaware only if its headquarters are also in Delaware
• A company can be incorporated in Delaware only if all of its employees live in Delaware

Which choice gives the correct context for the Delaware General Corporation Law?

• The Delaware General Corporation Law is a federal environmental regulation
• The Delaware General Corporation Law is unrelated to the state’s corporate-law system
• The Delaware General Corporation Law is mainly a criminal sentencing law
• The Delaware General Corporation Law is central to the state’s corporate-law system

Which statement is correct about the Delaware Court of Chancery?

• The Delaware Court of Chancery specializes in equity and many corporate disputes
• The Delaware Court of Chancery handles only federal immigration cases
• The Delaware Court of Chancery specializes mainly in criminal jury trials
• The Delaware Court of Chancery serves mainly as a municipal traffic court

What is true about the Delaware Court of Chancery?

• The Court of Chancery is a criminal jury court rather than a court of equity
• The Court of Chancery is a legislative committee rather than a court
• The Court of Chancery is a court of equity rather than a criminal court
• The Court of Chancery is a federal tax agency rather than a court