1.Which of the following is something a company has the power to do which an individual does not?
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Enter into contracts.
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Own property.
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Appear before a court without legal representation.
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Issue shares.
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2.Which of the following types of funds are not available for distribution by the liquidator to creditors and members?
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Funds the liquidator has "clawed back" under the voidable transaction provisions.
Funds received from the owners of partly paid shares after the liquidator has made a call on them.
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Funds which are held by the company on trust.
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Funds received from the owners of partly paid shares after the liquidator has made a call on them.
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Compensation recovered from a director who has breached the insolvent trading provision.
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