QUESTION: 61

Which of the following is incorrect?

A private company must have at least two directors.
The board usually has the power to appoint a managing director.
A board usually reaches its decisions by majority vote.
The first directors of the company are those persons who are named as directors on Form IN01.

Answer(s): A

Which of the following is correct?

(i) The Court of Appeal is bound by obiter dicta of the Supreme Court.

(ii) The High Court is bound by a Supreme Court ratio decidendi)

(iii) A ratio decidendi of the Court of Appeal is binding on the High Court.

(i) only
(i) and (ii) only
(ii) and (iii) only
(i), (ii) and (iii).

Answer(s): C

Reveal Solution Next Question

QUESTION: 63

ABC Accountants has taken out an advert in its local paper to promote its services. Mr B, an account manager, is uncomfortable, as the advert says that ABC is expert in charitable tax issues, and he knows that none of the partners have that expertise. However, Mr B does not want to be thought of as a 'trouble maker' by bringing the matter up with his manager. Which TWO things should Mr B do?