Question 1:
Discuss and illustrate out the principle of law set out in Salomon v Salomon & Co. Ltd [1897] AC 22. In which circumstances will the judiciary or statutory provisions not take in account of that principle? Demonstrate your answer with decided cases.
Question 2:
Illustrate out the differentiation between liquidation and receivership.
Question 3:
Describe and discuss the duties which are owed by directors to a company and shareholders in general?
Question 4:
What do you mean by the term pre-incorporation contract?
Question 5:
Discuss and illustrate out the duties owed by a promoter in formation of a company.