SAMPLE QUESTIONS – REAL EXAM WILL HAVE 10 QUESTIONS

Question X
Which of the following elements is not necessary to prove a case of fraud:
 Intent to defraud  A material misrepresentation
 The misrepresentation is justifiably relied upon  Severe monetary loss to the other party
Question Y
Briefly explain the difference between compensatory damages and punitive damages:

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Question Z
Explain how preference shares differ from the ordinary shares issued by a corporation:

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