Business Law Basics
- Created by: jutnut
- Created on: 10-07-17 16:35
Other questions in this quiz
2. What are the three business mediums
- Sole Trader, Partnership and Company
- Partnership, Trade Organisation and Company
- PLC, Private Limited Company and Partnership
- LLP, PLC and LTD
3. Types of company?
- PLC, limited company and an unlimited company
- Public Limited Company, Limited Liability Company and an Unlimit
4. How to set up a company?
- Articles of Association, Declaration to Shareholders and fee to Register who then give a certificate of Incorporation and Notice in London Gazette
- Application form, Articles of Association, Fee to the Registrar
- Application form, Articles of Association, Fee to the Registrar who then give a certificate of Incorporation and Notice in London Gazette
- Model Articles, Company name and fee to the Registrar who then give a certificate of Incorporation and Notice in London Gazette
5. Can the court pierce the corporate veil Saloman vs Saloman
- Yes, but only if the person is under an existing legal obligation and deliberately evades by interposing a company under his control.
- Yes, but only if the person is under an existing legal obligation and owns the company
- No, it is unlawful to pierce the veil
- No, as the company is its own legal entity and as such has its own rights
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