Kristina Torry
Quiz by , created more than 1 year ago

Theory test Litigation Quiz on Corporate Law, created by Kristina Torry on 09/11/2015.

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Kristina Torry
Created by Kristina Torry over 8 years ago
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Corporate Law

Question 1 of 36

1

The Client is always the incorporator

Select one of the following:

  • True
  • False

Explanation

Question 2 of 36

3

Fill the blank spaces to complete the text.

The organization process involves the preparation of the , , and

Explanation

Question 3 of 36

1

All documents must be dated effective at the incorporation date

Select one of the following:

  • True
  • False

Explanation

Question 4 of 36

2

Fill the blank spaces to complete the text.

Resolutions are a way to make

Explanation

Question 5 of 36

1

Resolutions MUST include the following:

Select one of the following:

  • Company name, date, signatures, RESOLVED THAT

  • Company name, headings, page numbers, signatures

  • RESOLVED THAT, signatures, headings

Explanation

Question 6 of 36

1

What are the two types of resolutions?

Select one of the following:

  • Directors' and Incorporators' resolutions

  • Directors and Officers resolutions

  • Directors and Shareholders resolutions

  • Shareholders and Company resolutions

Explanation

Question 7 of 36

1

Directors have the authority to allot shares to shareholders

Select one of the following:

  • True
  • False

Explanation

Question 8 of 36

1

Shareholders resolve to appoint the bank

Select one of the following:

  • True
  • False

Explanation

Question 9 of 36

1

Directors set the financial year end

Select one of the following:

  • True
  • False

Explanation

Question 10 of 36

1

Incorporators issue share certificates

Select one of the following:

  • True
  • False

Explanation

Question 11 of 36

1

Incorporation Documents can be approved and adopted at any time by the shareholders

Select one of the following:

  • True
  • False

Explanation

Question 12 of 36

1

Shareholders have the authority to appoint directors

Select one of the following:

  • True
  • False

Explanation

Question 13 of 36

1

Shareholders resolve to waive the appointment of an auditor

Select one of the following:

  • True
  • False

Explanation

Question 14 of 36

1

Directors can limit inspection of Records

Select one of the following:

  • True
  • False

Explanation

Question 15 of 36

1

Fill the blank space to complete the text.

A records book is also known as a

Explanation

Question 16 of 36

1

Fill the blank space to complete the text.

the records book contains records from

Explanation

Question 17 of 36

1

correspondences are included in the records book

Select one of the following:

  • True
  • False

Explanation

Question 18 of 36

3

Fill the blank spaces to complete the text.

The records book is necessary for three reasons:
1.
2.
3. for documents at the registry

Explanation

Question 19 of 36

1

the records must be kept in paper form

Select one of the following:

  • True
  • False

Explanation

Question 20 of 36

1

Current directors can inspect all records under Table 1 (unamended)

Select one of the following:

  • True
  • False

Explanation

Question 21 of 36

1

Former directors can inspect all records

Select one of the following:

  • True
  • False

Explanation

Question 22 of 36

1

Shareholders can inspect all records except:

Select one of the following:

  • they can inspect all records

  • directors minutes, resolutions, disclosures, and dissents

  • registers

  • Directors' registers, resolutions, and dissents

Explanation

Question 23 of 36

1

The records book must be organized with coloured tabs to indicate separate sections

Select one of the following:

  • True
  • False

Explanation

Question 24 of 36

1

all documents must be date/time stamped

Select one of the following:

  • True
  • False

Explanation

Question 25 of 36

1

Where do most firms stamp a document?

Select one of the following:

  • top right

  • top left or back of document

  • top or bottom centre

  • bottom right or back of document

Explanation

Question 26 of 36

1

what should you do if an envelope is delivered to your desk with not date/time stamp? What date/time should you use

Select one of the following:

  • estimate when it would have arrived at reception

  • date/time you received it

  • Don't stamp it

  • ask reception when it was received

Explanation

Question 27 of 36

1

When must the Annual Report be filed?

Select one of the following:

  • within 2 months after the company's anniversary

  • 2 months before the Company's anniversary

  • on the company's anniversary

Explanation

Question 28 of 36

1

How many years in a row can a company neglect to file an Annual Report before it is dissolved?

Select one of the following:

  • 3 years

  • 2 years

  • 1 year; it has to be filed every year

  • 4 years

Explanation

Question 29 of 36

1

the Annual Report is electronically filed

Select one of the following:

  • True
  • False

Explanation

Question 30 of 36

1

Fill the blank space to complete the text.

an AGM is an

Explanation

Question 31 of 36

1

Fill the blank space to complete the text.

Time Limit for the first AGM is after incorporation

Explanation

Question 32 of 36

1

Fill the blank spaces to complete the text.

the AGM should take place within of the last annual

Explanation

Question 33 of 36

4

Fill the blank spaces to complete the text.

Alternatives to holding an AGM (for private companies) are:
1) in of AGM
2) to a
3) the AGM for that year

Explanation

Question 34 of 36

1

The AGM is for Directors

Select one of the following:

  • True
  • False

Explanation

Question 35 of 36

1

Fill the blank spaces to complete the text.

What business is transacted at an AGM?
1) Approval of
2) appointment of/
3) approval of
4) election of (if applicable)

Explanation

Question 36 of 36

1

Only Shareholders have the power to limit hours of records inspection

Select one of the following:

  • True
  • False

Explanation

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