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“A public company may offer to the public for subscription or purchase ………….”
Select the correct statement regarding who is liable for this loan?The partnership is liable for Loki who gave the loan
Which of the following is a condition that must be met for an award of recission to be made?
In the context of company law, which of the following types of directors is Daimler classified as?
The first one was with a long- standing customer, Hans, who had dealt with the partnership for some five years.
The second contract was with a new customer, Joy. Both believed that Nala was still a partner in the business. Both contracts have gone badly wrong, leaving the partnership owing £50,000 to both Hans and Joy.
Unfortunately, the business assets will only cover the first £50,000 of the debt.
Task 01Which of the following states the liability of Clara as a sleeping partner?
Task 02Which of the following describes the liabilities of Nala as a retiring partner?
Task 03Select the person from whom can Hans claim the outstanding debt.
He does not wish to take any great risk with his investment but he would like to have a steady flow of income from it.
Lina, one of his friends, has advised Jack that he can invest in the following range of securities,
Task 02In relation to the above forms of investments, which may have a cumulative right to dividends?
Task 03Which of the following normally takes part in surplus capital?
Martin Ltd operates a shipbuilding business which specialises in constructing and modifying ships to order. In 2008, Martin Ltd entered into an agreement with Yung to completely rebuild a ship to Yung’s specifications for a total contract price of £9 million.
However, after completion Yung informed Martin Ltd that, due to the downturn in the world economy, he no longer wanted the ship. Martin Ltd had already expended £7 million on altering the ship, and immediately commenced his action against Yung for the breach of contract.
However, in the week before the case was to be decided in the court, Martin Ltd sold the ship for the same amount of money that they would have received from Yung.
Task 01With regards to the duty to mitigate losses, which of the following TWO are correct?
Task 02Which TWO of the below explains the purposes of awarding damages for breach of contract?A - There are punishments for the party in breach.B - They put the parties in the position they were in before the contract was formed.C - They compensate the injured party for any financial loss.D - They put the parties in the position they would have been in had the contract been performed.
Task 03What level of compensation can Martin Ltd claim for breach of contract from Yung?
Mary is the director of two listed public companies in which she has substantial shareholdings: Peach PLC and Amber PLC.
The annual reports of Peach PLC and Amber PLC have just been drawn up although not yet disclosed. They show that Peach PLC has made a surprisingly big loss and that Amber PLC has made an equally surprising big profit. On the basis of this information Mary sold her shares in Peach PLC and bought shares in Amber PLC. He also advised her brother, Hans, to buy shares in Amber PLC.
Task 01Which of the following TWO statements are correct?
Task 02Choose the TWO correct statements.
Task 03Which of he following TWO statements are correct?
Peter PLC’s year end was 31 December 20X6. Notice of its annual general meeting was sent to shareholders on 1 March 20X7 and it was to be held on 25 March 20X7. However, the date of the meeting was not convenient for 75% of the company’s shareholders who decided that the meeting should be held on 10 March 20X7. The meeting took place on 10 March 20X7.
Later that year, the company’s auditors decided to resign. They requested that a general meeting should be held so that they inform shareholders of the circumstances surrounding their resignation. The directors of Peter plc are not keen for such a meeting to be held and are refusing to organise it.
Task 01Select the TWO statements which states the examples of the ordinary business dealt with at an annual general meeting?
Task 02Was Peter plc’s annual general meeting was called correctly and why?
Task 03Are the directors of Peter plc required to hold the general meeting as requested by the auditors and why?
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