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Roach: Company Law Concentrate 4e

Diagnostic test - where do I need to concentrate?

Instructions

Answer the following questions and then press 'Submit' to get your score.

Question 1

Chapter 1. Companies in the UK are principally regulated by...?

Question 2

Chapter 1. What is 'limited liability?'

Question 3

Chapter 1. Which business structures are known as 'bodies corporate?'

Question 4

Chapter 2. What does the Companies Act 2006, s 51(1) state?

Question 5

Chapter 2. For several reasons, it is important to be able to determine whether or not a person is a promoter. Which ONE of the following reasons is not a valid reason?

Question 6

Chapter 2. What principle was established by the House of Lords in the case of Erlanger v New Sombrero Phosphate Co (1878)?

Question 7

Chapter 3. Which two types of business structure are created via a process of incorporation?

Question 8

Chapter 3. A company can be created in several ways. Which ONE of the following is NOT a valid method of creating a company?

Question 9

Chapter 3. Concerning a company's liability, which ONE of the following statements is true?

Question 10

Chapter 4. The statutory contract exists between which parties?

Question 11

Chapter 4. The ability to alter a company's articles is limited in several ways. Which ONE of the following is not a valid limitation?

Question 12

Chapter 4. Regarding the statutory set of model articles, which ONE of the following statements is NOT true?

Question 13

Chapter 5. The power to manage a company is initially vested in whom?

Question 14

Chapter 5. Which ONE of the following is NOT a general duty?

Question 15

Chapter 5. If the directors exercise their powers for several purposes, how will the courts determine if the proper purpose duty has been breached?

Question 16

Chapter 6. Members exercise considerable decision-making power via the passing of resolutions. Which ONE of the following is not a power exercisable by passing a resolution of the members?

Question 17

Chapter 6. What is a 'quorum?'

Question 18

Chapter 6. Are all companies required to hold an annual general meeting (AGM)?

Question 19

Chapter 7. Which ONE of the following is not a valid difference between executive and non-executive directors?

Question 20

Chapter 7. Which corporate governance report focused specifically on non-executive directors?

Question 21

Chapter 7. What is meant by the 'separation of ownership and control?'

Question 22

Chapter 8. What is a company's 'issued share capital?'

Question 23

Chapter 8. There are several differences between fixed charges and floating charges. Bearing this in mind, which ONE of the following statements is NOT true?

Question 24

Chapter 8. There are limitations on the issuing and redemption of redeemable shares. Which ONE of the following is NOT an actual limitation?

Question 25

Chapter 9. What is the difference between a derivative action and a derivative claim?

Question 26

Chapter 9. The courts have identified a number of characteristics to help identify whether or not a company is a quasi-partnership. Which ONE of the following is not such a characteristic?

Question 27

Chapter 9. What is the difference between a derivative action and a derivative claim?

Question 28

Chapter 10. An administrator is appointed to realise a hierarchy of objectives. What is an administrator's first and principal objective?

Question 29

Chapter 10. Regarding the proposal for a company voluntary arrangement, which ONE of the following statements is NOT true?

Question 30

Chapter 10. A liquidator must distribute the company's assets in a prescribed order. Which ONE of the following states the correct order for distribution?