When might an ethical dilemma occur?
Answer(s): D
X owns 51% of the shares in X Ltd. Y and Z are the only directors of X Ltd. Which ONE of the following is CORRECT?
Answer(s): B
The board of Wye Ltd has resolved to issue £100,000 of redeemable preference shares.Which of the following is correct?(i) The company must have issued at least one non-redeemable share.(ii) The company must redeem them at not less than their nominal value.(iii) A holder of a redeemable share must also hold at least one ordinary share in the company.
H is hoping for a promotion. His wife is expecting a baby and they need the extra money. He needs to present the figures for his section, but the true figures do not reflect well on his manager. What should H do?
Answer(s): A
Which of the following statements is INCORRECT?i) A contract is a voluntary agreement whereas obligations in the tort of negligence are imposed by the state.ii) Damages are only available for breach of contract and breach of the tort of negligence if damage, injury or loss has been suffered by the claimant.iii) A contract breaker is liable whether or not he is at fault whereas to be liable in the tort of negligence the defendant must have been at fault.
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