Multiple Choice
What is the Cakes and Ale Case Law about?
A) no company can make truly gratuitous distributions of its assets
B) a company can make gratuitous distributions of its assets only regarding catering
C) a company can donate assets at will
D) directors can have free meals at company premises
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Which of the following is not considered
Q2: On winding up, which of the following
Q4: What is the 'book value' of an
Q5: The principle of capital maintenance can be
Q6: Which of the following is considered a
Q7: For the consequences of unlawful distributions the
Q8: What is a dividend?<br>A) a payment made
Q9: A creditor would prefer to trade with
Q10: A company may purchase its own shares<br>A)
Q11: A company cannot offer financial assistance to