QUESTION: 189

Which of the following is incorrect?

A director may be removed from office for any reason by an ordinary resolution.
A special resolution is needed to dismiss a director if the Articles of Association provide that he is to be a director for life.
The company must be given 28 days' notice of a proposed resolution to dismiss a director.
A director who is under threat of removal has the right to speak at the meeting, whether or not he is a member.

Answer(s): B

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QUESTION: 190

Which of the following is incorrect?

An invitation to treat is a call to start negotiations.
A person must know of an offer before he can accept it.
An acceptance is ineffective unless it is communicated to the offeror by the offeree personally.
An agreement is not binding in English law unless it is supported by consideration or contained in a deed.

Answer(s): C

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J is at his company's reception desk when the promotions manager of a new restaurant and bar nearby hands him a number of vouchers for cheap meals and drinks. At the promotion manager's request, J agrees to share out the vouchers among his company's employees. J does not earn much and is tempted to keep the vouchers for himself and his friends. Is this an ethical issue and why?

Yes - promotional offers of this sort are unethical and J should throw away all of the vouchers
Yes - the vouchers were given to J on the understanding that he would distribute them to other employees rather than keep them for himself
No - as long as J gives vouchers to other company employees who earn as little as he does
No - the vouchers were given to J, so he can do what he likes with them

Answer(s): B

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QUESTION: 192

C has just set up her own practice and things are going well. She is also a single parent, so is reliant upon her income to pay her bills and support her family. One of her uncles recommends a new client to her. This client wants C to provide an accountant's report in support of his mortgage application. He insists there is no need for her to see the full details of his income. He suggests that C's uncle would be most displeased if she did not help him, and that she may potentially lose other potential clients.

This is a tension between C's:

Personal and Professional values
Corporate and Professional values
Societal and Professional values
Personal and Societal values

Answer(s): A

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QUESTION: 192