KS Legal & Associates Intern Interview Questions and Answers

Public companies are listed on stock exchanges and have shares available for public trading, while private companies are owned by a small group of individuals and do not have publicly traded shares.

• Public companies have shares that are traded on stock exchanges, allowing anyone to buy and sell them.

• Private companies are owned by a small group of individuals or a single entity, and their shares are not publicly traded.

• P...read more

ROFR gives the right to match an offer, while ROFO gives the right to make the first offer.

• ROFR (Right of First Refusal) allows the holder to match an offer before it is accepted by the seller.

• ROFO (Right of First Offer) gives the holder the right to make the first offer on a property or asset before it is offered to others.

• ROFR is reactive, triggered by an existing offer, while ROFO is proactive, allowing the holder t...read more

I have worked on various types of transactions including mergers and acquisitions, IPOs, debt financings, and private equity investments.

• Mergers and acquisitions

• Initial public offerings (IPOs)

• Debt financings

• Private equity investments

Enforcement of Equitable Mortgage and Registered Mortgage involves different legal processes and remedies.

• Equitable mortgage is created by deposit of title deeds while registered mortgage is created by registration with the land registry.

• Enforcement of equitable mortgage involves filing a suit for foreclosure or sale of the property.

• Enforcement of registered mortgage involves initiating foreclosure proceedings through ...read more

There are various types of mortgages, including fixed-rate, adjustable-rate, FHA, VA, and jumbo loans.

• Fixed-rate mortgages have a set interest rate for the entire term of the loan.

• Adjustable-rate mortgages have an interest rate that can change periodically.

• FHA loans are insured by the Federal Housing Administration and often require a lower down payment.

• VA loans are guaranteed by the Department of Veterans Affairs and ...read more

Supreme Court's decision on documentation for debt write-off impacts deduction eligibility.

• Supreme Court's decision requires documentation to prove debt write-off eligibility for deduction.

• Lack of proper documentation may result in disqualification for deduction.

• This decision aims to prevent fraudulent claims for debt write-off deductions.

• Examples of required documentation include loan agreements, repayment schedules, ...read more