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Fundamentals of Ethics, Corporate Governance and Business Law

Last Update May 16, 2024
Total Questions : 661

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BA1 Total Questions : 468 Updated : May 16, 2024
BA2 Total Questions : 382 Updated : May 16, 2024
BA3 Total Questions : 393 Updated : May 16, 2024

Fundamentals of Ethics, Corporate Governance and Business Law Questions and Answers

Questions 1

(i) In general a person is assumed to know of a clause of which he has been given reasonable notice at or before the time of the contract.

(ii) In general a person cannot rely on a clause brought to the other party's attention after the contract has been concluded.

(iii) In general a person cannot be bound by a clause written in small print.

 

Choose one of the following.

Options:

A.

Only (i) and (ii) are correct.

B.

Only (ii) and (iii) are correct.

C.

Only (i) and (iii) are correct.

D.

(i), (ii) and (iii) are correct.

Questions 2

Which of the following is correct?

Options:

A.

The shares of all public limited companies are quoted on the Stock Exchange.

B.

The company secretary of a public limited company must be qualified.

C.

A private limited company must have at least two shareholders.

D.

A public limited company cannot trade until it has paid up share capital of at least £50,000.

Questions 3

Which of the following is correctly stated to be an advantage of carrying on business via a company limited by shares? 

(i) The liability of the company is limited.

(ii) In general the directors are not liable for the debts of the company.

(iii) The liability of the shareholders is limited.  

Options:

A.

(i) only

B.

(i) and (ii) only

C.

(ii) and (iii) only

D.

(iii) only