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Which of the following is incorrect?
Which of the following is incorrect?A . A private company must have at least two directors.B . The board usually has the power to appoint a managing director.C . A board usually reaches its decisions by majority vote.D . The first directors of the company are those persons who are...
Which of the following is correct?
T, a Sales Representative of E plc, made an appointment to see you in the hope of persuading you to place a substantial order with E plc. During your discussions, T suggested that you could qualify for a cash bonus in the event of an order being placed. Which of...
Which of the following is correct?
A is about to register a new company limited by shares, “A Ltd”, in order to carry on a retail business. A has ordered a quantity of goods from a supplier “for and on behalf of A Ltd”. Which of the following is correct?A . A Ltd is liable to...
Which of the following correctly describes the circumstances in which directors may be held liable to contribute to the assets of insolvent companies in respect of "wrongful trading"?
Which of the following correctly describes the circumstances in which directors may be held liable to contribute to the assets of insolvent companies in respect of "wrongful trading"?A . Where the directors have the intention of defrauding creditors.B . Where directors knew or ought to have known that insolvency was...
Which of the following must be satisfied for an employee to claim wrongful dismissal?
Which of the following must be satisfied for an employee to claim wrongful dismissal? (i) The employer terminated the contract without notice, and was not justified in doing so. (ii) The employee must have at least 12 months' continuous employment. (iii) The dismissal was not for reasons of conduct, capability,...
To which of the following contracts does the Supply of Goods and Services Act 1982 apply?
To which of the following contracts does the Supply of Goods and Services Act 1982 apply? (i) A contract with a joiner for the manufacture and supply of a cabinet. (ii) A contract for the hire of a car. (iii) A contract with a builder to construct an extension to...
B agreed in his contract that he would not work for a competitor of Gee Ltd for a period of 12 months after leaving the company's employment. On leaving Gee Ltd, B worked for Zed Ltd, a competitor of Gee Ltd. If the restriction in B's contract with Gee Ltd should be found to be reasonable, which of the following remedies is Gee Ltd entitled to?
B agreed in his contract that he would not work for a competitor of Gee Ltd for a period of 12 months after leaving the company's employment. On leaving Gee Ltd, B worked for Zed Ltd, a competitor of Gee Ltd. If the restriction in B's contract with Gee Ltd...
After the Companies Act 2006, which of the following is correct in relation to a reduction of capital by a public company?
After the Companies Act 2006, which of the following is correct in relation to a reduction of capital by a public company? (i) If the reduction results in the company no longer having the authorized minimum capital for a public company, it may be necessary to re-register as a private...
What is the minimum number of votes which must be cast in favor of the resolution to make it effective?
S Ltd has an issued share capital of 1000 ordinary shares of £1 each. Some of the shareholders would like to change the name of the company. What is the minimum number of votes which must be cast in favor of the resolution to make it effective?A . 501B ....
Is this an ethical issue and why?
You work for a manufacturing company and are told that one of the line managers made a genuine mistake that led to the discharge of waste material into a local river. Your managing director says that the company cannot afford a large fine and demands that no one reports the...
