Deck 4: Strict Liability

Question 1

A promoter can also become

A) a shareholder of the company
B) a director of the company
C) an employee of the company
D) all of the above

Answer 1

D

Question 2

It is possible to re-register a company from

A) private to public
B) public to private
C) unlimited to limited
D) all of the above

Answer 2

D

Question 3

Who is a promoter?

A) the marketing manager of a company
B) the executive manager of the company
C) the person who sets up the company
D) the person who dissolves the company

Answer 3

C

Question 4

What is meant by a 'phoenix company'?

A) a company that sells birds
B) a company that is re-established after insolvency
C) a successful company
D) an unsuccessful company

Question 5

A company cannot use a business name

A) showing a connection with a government authority
B) which includes 'sensitive words'
C) suggesting that the company is of a particular type
D) all of the above

Question 6

The Secretary of State has the right to ask a company to change its name in all but one of the following circumstances. Which one is that?

A) the company has a name similar to another
B) the company has supplied misleading information
C) the company's exemption from using ltd has expired
D) the Secretary disapproves of the choice of name

Question 7

Which of the following company characteristics is not subject to change?

A) name
B) membership
C) number
D) address

Question 8

Which of the following is not a required document in an application to register a company?

A) memorandum of association
B) articles of association
C) CVs of proposed directors
D) application form

Question 9

What is a business name?

A) a name by which a company does business
B) the registered name of a company
C) the name of the chief executive of the company
D) the name any business uses (incorporated or not) in the marketplace

Question 10

What is a pre-incorporation contract?

A) a contract made with the company before it came into existence
B) a contract made with the company after it came into existence
C) a contract made by an unincorporated association
D) a contract made by a company while setting up a subsidiary