Level 2 exam — Legal & Compliance

Exam — fresh questions

12 new questions to validate business law: GTS and GTU, payment terms, debt collection, competition and liability.
Answer everything, then click Check: your score and explanations will appear.

2.1 · Recall

1. What makes GTS enforceable against the client?

Long, detailed GTS GTS copied from a competitor Known AND accepted BEFORE the contract GTS attached to the invoice afterwards

Hidden GTS or ones communicated afterwards protect nothing: knowledge and acceptance before the contract.

2.1 · Application

2. Yacine prints his GTS on the back of the invoice. What is this choice worth?

Effective: the client receives them Valid if well written Enough with a written reminder Too late: not enforceable against the client

Communicated after the sale, they do not apply: present them before, with traced active acceptance.

2.1 · Arbitration

3. Yacine wants to “lock everything down” in his GTS. What advice?

Stay balanced: unfair terms are set aside Lock down to the maximum, everything passes Copy a solid competitor's GTS Drop the GTS, the contract is enough

Unfair or unlawful clauses are set aside: solid but lawful GTS protect better.

2.2 · Recall

4. Are terms between professionals entirely free?

Yes, always with no limit No: often capped by law Yes, with a mere signed written record Only internationally

Many countries cap them to protect suppliers' cash flow; beyond that, it is unlawful.

2.2 · Application

5. Which reflex best prevents unpaid debts?

Wait for the client to return Stop sending invoices Lower prices at each delay Invoice fast and chase early

An old debt is paid badly: assess, deposit, clear due dates, fast invoice, early chase.

2.2 · Application

6. Yacine delivers with no signed note. What is he missing?

Proof of the delivery received Nothing more: words suffice A new quote afterwards A discount on the invoice

The signed delivery note proves receipt; without it, invoice and chase are fragile.

2.3 · Recall

7. What is the first rung of debt collection?

Court action first The amicable stage: early written reminders Immediate seizure of assets Wait for the right to expire

Early amicable action settles most unpaid debts; court is only the last rung.

2.3 · Application

8. Yacine's invoice has slept a long time. What does he risk?

Nothing: it waits without limit The invoice pays itself one day Limitation can extinguish the right to act Doubled interest automatically

After a period specific to each legal system, the right to act expires: do not let debts sleep.

2.3 · Arbitration

9. Clear, undisputed debt: which route to prefer?

The heaviest full court action Give up without any reminder Seize assets with no title The country's simplified procedure

Undisputed: simplified procedure such as an order to pay; disputed: court claim.

2.4 · Application

10. Yacine writes “their products are rubbish”. What risk?

Disparagement, punishable No risk: it is his opinion Nothing if written very small A guaranteed image boost

Disparagement is punishable even if sincere; comparing requires objectivity and verifiability.

2.4 · Arbitration

11. A competitor copies Yacine's visuals. What to do first?

Secretly match their prices Prove prior use, formal notice Wait without keeping any record Reply with public disparagement

Confusion and parasitism: prove prior use, formal notice, then fair routes with a professional.

2.5 · Arbitration

12. Yacine believes everything is covered by his professional liability insurance. Wrong?

Yes: the company cancels all risk No: insurance covers everything Yes: criminal and intentional matters excluded No: a clause is always enough

Neither insurance nor clauses cover everything: prevention first, company AND director exposed.

What's next?

Score ≥ 80%: go to Level 3 (GDPR and personal data, processing register, individual rights and consent, compliance and anti-corruption, breaches and penalties).
Score < 80%: reread the explanations above — each re-explains the concept — then redo the 48h challenges of the 5 sections (GTS and GTU, payment terms, debt collection, competition, liability).