Endofsem

Companyl
aw

1._
___
___
_washast
il
ydr
aft
edandv
irt
ual
l
yar
epr
oduct
ionof1862Engl
i
shcompani
esAct

A.Or
dinanceofGhana,
1907

B.Compani
escode,
1963

C.Compani
esAct
,2019

D.Gol
dCoastCompanyor
dinanceof1907

AnsD

2.Companyl
awcov
ers_
___
___
_

A.Subst
ant
ivel
aw

B.Pr
ocedur
all
aw

C.Ter
ri
tor
yoft
hej
uri
sdi
cti
onsofGhanaonl
y

D.Anyoft
heabov
e

AnsD

3.Stat
utoryi
nstr
umentassuppl
i
ment
arysour
cear
eregul
ati
onsmadebymi
nist
ri
esandot
her
author
it
iesby__
____

A.Actofpar
li
ament

B.Compani
esAct

C.Mi
l
itar
yregi
mes

D.Bot
hAandC

AnsA
4._
___
___deal
swi
thsepar
atel
egal
per
sonal
i
tyofacompanywheni
ncor
por
atedandi
tsl
i
abi
l
ity

A.Tr
evorv
.Whi
twor
th

B.Sal
omonv
.Sal
omon

C.Ewi
ngv
.But
ter
cupMagar
ineCo.Lt
d

D.FossvHar
bot
tl
e

AnsB

5.___
_ _
_caseest
abl
i
shedt
hatt
hecompany
'sshar
etobekepti
ntactf
ort
hebenef
itofi
ts
credi
tors.

A.Sal
omonv
.Sal
omon

B.Jonesv
.Li
pman

C.Kel
nerv
.Baxt
er

D.Tr
evorv
.Whi
twor
th

AnsD

6.Itconcernsnameusedbyt wocompaniestosel
l t
hesamegoodsandt heplai
nti
ffwhoearl
ier
i
n1904usedt henamecontendedthatt
herewaslikelytobeconfusi
onbet
weenthetwo
compani eswhichthedef
endantdeni
ed.
.Courthel
dt hataninj
uncti
ontobegr
antedtorest
rai
n
thedefendantfrom t
heuseofit
snamewhi chregi
steredin1916.

A.Ewi
ngv
.But
ter
cupMar
gar
ineCo.
Ltd

B.Gi
l
for
dMot
orCo.Lt
dv.Hor
ne

C.Tr
evorv
.Whi
twor
th

D.Roy
alBr
it
ishBankv
.Tur
quand

AnsA

7.Thepr i
nciplethatcour
twil
lnoti
nterveneinamat t
erwhichthecompanyiscompet entto
sett
leit
self,part
icul
arl
yinacaseofirr
egulari
tyr
equiri
ngthatthecompanyrat
if
iesitbyitsown
i
nternalprocedures.Anindi
vi
dualcannottakealegalact
ioninresponset
oawr ongsufferedby
t
hecompany
.Thi
spr
inci
plei
slai
ddowni
nthecaseof_
___
_

A.Panagi
otopoul
osv
.Pl
ast
icoCo.Lt
d

B.Fossv
.Har
bot
tl
e

C.Ray
fiel
dv.Hands

D.Twy
crossv
.Gr
ant

AnsB

8.Thegener
alr
ulei
sthatpr
omot
ersofacompanymaysel
ect
___
__

A.Anyname

B.Anamet
hati
ndi
cat
ethet
ypeofcompany

C.Pr
oposednamebyt
heRegi
str
ar

D.Al
loft
heabov
e

AnsA

9.Pur
suantt
oS.18(
1)(
a),
regul
ator
yrest
ri
cti
onswi
l
lcont
inuet
oappl
ytot
hef
oll
owi
ng
compani
esexcept

A.Banki
ng

B.I
nsur
ance

C.Tel
ecommuni
cat
ion

D.Bui
l
dingandconst
ruct
ion

AnsD

10.Companycannotber
egar
dedasan_
___
___
__oft
hemember
s

A.Agent

B.Tr
ust
ee

C.Nomi
nee
D.Anyoft
heabov
e

AnsD

11.Companycannotber
egar
dedasa(
n)_
___
___
__

A.Agency

B.Subsi
diar
y

C.Par
ent

D.Agentoft
heshar
ehol
der
s

AnsD

12.Thecaseof_ __
___
____descr
ibesthem as“onewhoundertakestoform acompanywi
th
refer
encetoagiv
ensubjectandtosetitgoi
ngandtakesal
lthenecessarystepst
oaccompl
ish
thatpurpose”
.

A.Tr
evorv
.Whi
twor
th

B.Twy
crossv
.Gr
ant

C.Kel
nerv
.Baxt
er

D.Jonesv
.Li
pman

AnsB

13.I
nthecaseof__
_____
___,
thecour
thel
dthatt
hecont
ractwasi
nval
i
dast
heunbor
ncompany
l
ackedcapaci
tyt
oenteri
ntocont
ract
sini
tsownname.

A.Sal
omonv
.Sal
omon

B.Ray
fiel
dv.Hand

C.Newbor
nev
.Sensol
i
d

D.Hi
ckmanv
.Kent

AnsC
14.Ther
ati
fi
cat
ionofacont
ractmustconf
ormt
oit
scor
por
ateobj
ect
ivesaccor
dingt
othecase
of?

A.Newbor
nev
.Sensol
i
d

B.Gi
l
for
dMot
orCo.Lt
dv.Hor
ne

C.Panagi
otopoul
osv
.Pl
ast
icoCo.Lt
d

D.Kumi
&Cov
.NewWor
ldI
nvest
mentLt
d

AnsD

15.Av endorhadagreedtosel
lapieceofl
and.Subsequentl
y,hechangedhi
smi nd.I
nanef
for
t
todefeatamov etoobtai
nspecif
icperf
ormance,t
hev endort
ransf
erredt
helandtoacompany
whichhecont r
oll
ed.Thi
sdescri
besthecaseof_____
_

A.Jonesv
.Li
pman

B.Maucaur
av.Nor
ther
nAssur
anceCo.Lt
d

C.Newbor
nev
.Sensol
i
d

D.Pear
cev
.Br
ookes

AnsA

16.Whereincor
porat
ioni
sseenasawi ndowdr
essingforev
adi
ngoff
iduci
aryorl
egal
obl
igat
ionsthecourt
swil
li
nter
vene.Sel
ectt
herel
atedcases

A.Amar
teyv
.SSBBank

B.Mor
korv
.Kuma

C.Appent
engvBankofWestAf
ri
ca

D.Anyoft
heabov
e

AnsD

17._
___
___
_oft
heActdef
inesshar
es.

A.Sect
ion1(
1)
B.Sect
ion10(
2)

C.Fi
rstschedul
e

D.Sect
ion12

AnsC

18.Shar
eissuedi
nGhanaar
eof_
___
_

A.Parv
alue

B.Noparv
alue

C.Notparv
alue

D.Anyoft
heabov
e

AnsB

19.Of
fi
cial
Liqui
dat
ionunderBodi
esCor
por
ate(
off
ici
alLi
qui
dat
ion)i
sspeci
fi
edi
n

A.Compani
esCode1963(
Act179)

B.Compani
esAct2019(
Act799)

C.Compani
esCode1963(
Act180)

D.Al
loft
heabov
e

AnsC

20.Wher
eacompanycommencesapr
ivat
eli
qui
dat
ioni
naccor
dancewi
tht
heCompani
esAct
,

t
he_
___
___
__mayconv
ertt
hewi
ndi
nguppr
ocessf
rom pr
ivat
eli
qui
dat
iont
o__
___
___
__.

A.Company
;of
fi
cial
li
qui
dat
ion

B.Regi
str
ar;
off
ici
all
i
qui
dat
ion

C.Cour
t;publ
i
cli
qui
dat
ion

D.Cr
edi
tor
s;of
fi
cial
li
qui
dat
ion
AnsB

21.TheCompaniesActdrawsontheexperi
enceofmoredevel
opedJuri
sdi
cti
onand
speci
fi
cal
lyi
ncl
udesint
ernati
onal
bestpract
icesf
rom j
uri
sdi
cti
onssuchas

A.Uni
tedKi
ngdom

B.NewZeal
and

C.Maur
it
ius

D.Al
loft
heabov
e

AnsD

22._
___
___
_sol
epur
posei
sther
egi
str
ati
onandr
egul
ati
onofcompani
esi
nGhana

A.Regi
str
arofcompani
es

B.Regi
sterofcompani
es

C.CompanySecr
etar
y

D.Audi
tor
s

AnsA

23.Toensur
eeasyi
denti
fi
cat
ionoft
he__
___
___
_ofar
egi
ster
edcompany
,compani
eswi
l
lbe
requi
redt
oaddsuff
ixest
othei
rnames

A.Act
ual
legal
for
m

B.Ty
peofcompany

C.Ext
entofl
i
abi
l
ity

D.Noneoft
heabov
e

AnsA

24.Theacqui
sit
ionoforanagreementt
opurchaseasset
stheval
ueofwhi
chismor et
han
sevent
y-f
ive(
75)percentoft
hev al
ueoft
hecompany ’
sasset
sbefor
ethet
ransact
ioni
s
appr
ovedby

A.Chai
rman

B.BoDs

C.Speci
alr
esol
uti
on

D.Regi
str
ar

AnsC

25.Under_
___
___
__t
her
eisar
equi
rementf
ormandat
oryr
otat
ionofaudi
tor
sofcompani
es.

A.Compani
esCode1963(
Act179)

B.Compani
esAct
,2019(
Act992)

C.Compani
esAct
,1963(
Act180)

D.Anyoft
heabov
e

AnsB

26.Audi
tor
sofpr
ivat
ecompani
esshal
lbecompul
sor
il
yrot
atedaf
ter_
___
__

A.Teny
ear
s

B.Sev
eny
ear
s

C.Fi
vey
ear
s

D.Thr
eey
ear
s

AnsA

27.Afi
rm st
ruckof
fther
egi
stershal
lhav
ear
ightt
oappeal
tot
he_
___
___agai
nstt
hedeci
sion
oftheRegi
str
ar.

A.Member
s

B.Cour
t

C.Boar
dofDi
rect
ors
D.Regi
str
ar

AnsB

28.Wherenofi
xedterm hasbeenagr eedonf ordurat
ionofapar
tnershi
p,t
hepartner
shi
pisa
part
nershi
patwi
llandmaybedet ermi nedatanyt i
mebyonepartnergiv
ingnot
iceofhis
i
ntenti
onsotodototheot herpar
tnerorpartners.Thi
sisoutl
i
nedinthecaseof_____
__

A.SasuvSasut
wum

B.Kal
moni
v.Tacki
e

C.Akakpov
.Sol
oandot
her
s

D.Kel
nerv
.Baxt
er

AnsB

29.Thewil
l
ingnesstoworkt
ogetherorpool
thei
rresour
cest
oget
hertooperateabusi
nessis
basedonmutualtr
ustandconf
idence.Themomentthatmut
ualt
rustorconfi
dencei
slost
,the
main___
_____
____ar
egone.

A.Foundat
ionsoft
hepar
tner
shi
p

B.Di
ssol
uti
onoft
hepar
tner
shi
p

C.Agr
eementoft
hepar
tner
shi
p

D.Anyoft
heabov
e

AnsA

30.Thei
nter
est
soft
hepar
tner
sint
hef
ir
m shal
lbe_
___
___
__

A.Real
asset

B.I
mmov
abl
epr
oper
ty

C.Per
sonal
est
ate

D.Anyoft
heabov
e

AnsC
31.___
___
_ _
_ist
heonewhocontri
but
escapi
tal
tot
hebusi
nessandt
akesact
ivepar
tint
he
organi
zat
ionandmanagementoft
hebusi
ness.

A.Act
ivepar
tner
s

B.Dor
mantpar
tner
s

C.Li
mit
edpar
tner
s

D.Sl
eepi
ngpar
tner
s

AnsA

32.___
___ri
ghtsarealsorestr
icted.Thoughhemayhaveaccesst
othebooksoft
hef i
rm and
off
eradvi
cetot he__
__ _
_____
_, hemaynott akepar
tint
hemanagementoft
hefi
rm andalso
cannotwit
hdrawanypar tofhiscapital
.

A.Act
ivepar
tner
s;l
i
mit
edpar
tner
s

B.Or
dinar
ypar
tner
s;dor
mantpar
tner
s

C.Sl
eepi
ngpar
tner
s:l
i
mit
edpar
tner
s

D.Li
mit
edpar
tner
s;or
dinar
ypar
tner
s

AnsD

33.Thedevel
opmentofcompanyl
awi
nGhanai
sli
nkedwi
tht
hehi
stor
ical
dev
elopmentof
companylawinwhi
chjuri
sdi
cti
on?

A.Russi
a

B.Br
it
ain

C.I
tal
y

D.Fr
ance

AnsB
34.Thef
ir
stBr
ist
ishl
egi
slat
iononcompani
eswas_
___
__

A.Gol
dCoastCompanyOr
dinance,
1907

B.Regi
str
ati
on,
Incor
por
ati
onandRegul
ati
onofJoi
ntSt
ockCompani
esAct
,1844

C.Roy
alchar
ter

D.Noneoft
heabov
e

AnsB

35.TheGoldCoastCompanyOr
dinanceof1907washast
il
ydr
aft
edandv
irt
ual
l
yar
epr
oduct
ion
of____
___
__

A.1856Engl
i
shCompani
esAct

B.1844Engl
i
shcompani
esAct

C.1862Engl
i
shcompani
esAct

D.Li
mit
edl
i
abi
l
ityActof1855

AnsC

36.Thewor
koft
heGowercommi
ssi
onr
esul
tedi
n__
___
__

A.Compani
esCodeof1963(
Act179)

B.Gol
dCoastCompani
esOr
dinance1907

C.Compani
esActof2019(
Act992)

D.I
nsol
vencyAct1962

AnsA

37.Whi
choft
hef
oll
owi
ngst
atement
sist
rueconcer
ningt
henewcompani
esAct
,2019(
Act
992)
?

A.I
tseekst
oint
roducei
mpr
ovedcor
por
ategov
ernancest
andar
dsf
orcompani
esoper
ati
ngi
n
Ghana

B.I
tdr
awsonexper
iencesofmor
edev
elopedj
uri
sdi
cti
ons
C.I
tdr
awsoni
nter
nat
ional
bestpr
act
ices

D.Al
loft
heabov
e

AnsD

38.Ar
egi
ster
edcompanyi
sfor
med_
___
__

A.Bygr
antf
rom gov
ernment

B.ByActofpar
li
ament

C.UnderCompani
esAct

D.Anyoft
heabov
e

AnsC

39.Acompanywhi
chi
sfor
medbyagr
antofgov
ernmentmaybecl
assi
fi
edas_
___
__

A.St
atut
orycompany

B.Char
tedcompany

C.Regi
ster
edcompany

D.Subsi
diar
ycompany

AnsB

40.The___
_____
ofthecompani
esAct
,2019(
Act992)def
inescompanyas"
abodyf
ormedand
regi
ster
edunderthi
sAct"

A.Sect
ion1

B.Fi
rstschedul
e

C.Secondschedul
e

D.Sect
ion3

AnsB
41.Companyl
awi
sadomest
icl
awwhi
chhasaspect
sthatbel
ongst
othebr
anchof_
___
___

A.Pr
ivat
elaw

B.Publ
i
claw

C.Ei
therAorB

D.Noneoft
heabov
e

AnsC

42.Al
lthef
oll
owi
ngar
ety
pesofr
egi
ster
edcompani
esexcept

A.Compani
esl
i
mit
edbyshar
es

B.Char
tedcompani
es

C.Compani
esl
i
mit
edbyguar
ant
ee

D.Ext
ernal
company

AnsB

43.Oneoft
hef
oll
owi
ngi
snotanobj
ect
iveoft
hecompani
esAct

A.Topr
otectt
hei
nter
estofper
sonsi
nempl
oymentr
elat
ionshi
pwi
thcompani
es

B.Topr
otectt
hegener
alpubl
i
c,par
ti
cul
arl
ycr
edi
tor
sandi
nvest
orsdeal
i
ngwi
tht
hecompani
es

C.Toenhancetheposi
ti
onofmember sandensur
eagr
eat
eroppor
tuni
tyf
ormember
sto
par
ti
ci
pateinthegover
ningofcompani
es

D.Toensur
ethatcompani
esar
emanagedpr
oper
lyandar
epr
ofi
tabl
e

AnsD

44.Toensur
ecompl
i
ancewi
tht
hepr
ovi
sionsoft
hecompani
esAct
,__
___
__

A.Rewar
dsar
egi
vent
ocompl
i
ancewi
tht
heAct

B.Sanct
ionsar
eat
tachedt
otheAct

C.Of
fender
sfornoncompl
i
ancear
eputi
njai
l
s
D.Anyoft
heabov
e

AnsB

45.Al
lthef
oll
owi
ngar
efor
mal
sour
cesofl
awexcept

A.Rul
esofl
aw

B.TheConst
it
uti
on

C.Enact
ment
sbyPar
li
ament

D.Decr
eesbymi
l
itar
ygov
ernment

AnsA

46.Commonlaw,i
ncludi
ngj
udi
cial
precedence,
equi
tyandcust
omar
ylawar
eref
err
edt
oas
___
____
_sour
cesoflaw

A.For
mal

B.Legal

C.Non-
legal

D.Aut
hor
it
ati
ve

AnsB

47.Thesour
cesofl
awar
eout
li
nedi
nAr
ti
cle_
___
___
_oft
heConst
it
uti
onofGhana

A.1(
1)

B.111

C.11(
1)

D.1(
11)

AnsC

48.Whi
choft
hef
oll
owi
ngcasesl
aydownt
hedoct
ri
neofi
ndoor
-managementr
ule?
A.Tr
evorvWhi
twor
th

B.Roy
alBr
it
ishBankvTur
quand

C.FossvHar
bot
tl
e

D.Panagi
otopoul
osvPl
ast
ico

AnsB

49.All
oft
hef
oll
owi
ngcondi
ti
onsar
enecessar
yfori
ndoormanagementr
ulet
obeappl
i
cabl
e
except
?

A.Ifanoffi
cerofacompanyhasexceededt
heaut
hor
it
ygi
vent
ohi
m byt
hear
ti
cleof
Associat
ion

B.Ther
ehasbeenanon-
compl
i
ancewi
thani
nter
nal
procedur
e

C.Anout
sider
'spr
esumpt
iont
hati
nter
nal
procedur
eiscompl
i
edwi
th

D.Theout
siderhasknowl
edgeoft
hel
i
mitoft
heaut
hor
it
yoft
heof
fi
cer

AnsD

50.Whi
choft
hef
oll
owi
ngdeal
swi
tht
hei
nter
nal
issuesofacompany
?

A.Memor
andum ofAssoci
ati
on

B.Ar
ti
clesofAssoci
ati
on

C.Pr
ospect
us

D.TheConst
it
uti
on

AnsB

51.Oneoft
hef
oll
owi
ngmaynotbeaspeci
alcl
ausei
ntheAr
ti
clesofAssoci
ati
on?

A.Vot
ingr
ight
sofmember
s

B.Ri
ght
sassoci
atedwi
thv
ari
ouscl
assesofshar
es

C.Namesandf
ir
stdi
rect
ors
D.Appoi
ntmentofdi
rect
orsandt
hei
rpower
s

AnsC

52._
___
___
isr
esponsi
blef
ort
her
egul
ati
onofacompany
'sext
ernal
act
ivi
ti
es.

A.Memor
andum ofAssoci
ati
on

B.Ar
ti
clesofAssoci
ati
on

C.Pr
ospect
us

D.TheConst
it
uti
on

AnsA

53.Accordi
ngtothenewcompaniesAct,
2019(Act992)
,Ar
ticl
esofAssoci
ati
onand
Memor andum ofAssoci
ati
onar
etoget
herref
err
edtoas___
__ _
__

A.Regul
ati
on

B.By
elaw

C.Const
it
uti
onoft
hecompany

D.Bot
hAandC

AnsC

54.Thepr
oposednameofacompanyf
ori
ncor
por
ati
onwi
l
lber
efusedr
egi
str
ati
oni
f__
___
__

A.I
t'
sal
readyr
egi
ster
ed

B.i
t'
susedbygov
ernment

C.I
t'
spr
ohi
bit
edbyst
atut
e

D.Anyoft
heabov
e

AnsD

55.Sect
ion21oft
hecompani
esAct992deal
swi
th_
___
___
_
A.Obj
ectcl
ause

B.Namecl
ause

C.Regi
ster
edof
fi
cecl
ause

D.Al
ter
ati
onofobj
ect
s

AnsB

56.Whi
choft
hef
oll
owi
ngst
atement
siscor
rectr
egar
dingchoosi
ngt
henamef
oracompany
?

A.Thepr
omot
ershav
efr
eedom ofchoi
ce

B.Thenameoft
hecompanymayi
ndi
cat
ethet
ypeofcompany

C.Theregi
str
ati
onofabusi
nessnamesomet
imesmaynotber
efusedi
fit
'
sunaccept
abl
eint
he
opi
nionoftheRegi
str
ar

D.Bot
hAandB

AnsA

57.TheRegist
rarmaydi
rectachangeofnamewithi
n___
_ _
__fr
om r
egi
str
ati
oni
fthenamei
s
foundmi
sleadi
ngorundesi
rabl
eintheopi
nionoft
heRegist
rar
.

A.3mont
hs

B.4mont
hs

C.5mont
hs

D.6mont
hs

AnsD

58.Acompanymayappeal
tot
he_
___
___
_agai
nstadi
rect
ivet
oal
teracompany
'sname.

A.Regi
str
ar

B.Cour
t

C.Boar
dofdi
rect
ors
D.Shar
ehol
der
s

AnsB

59.Achangeofacompany
'snameshal
laf
fect_
___
___

A.Ri
ght
sorobl
i
gat
ionsoft
hecompany

B.Legal
proceedi
ngsbyt
hecompany

C.Legal
proceedi
ngsagai
nstt
hecompany

D.Noneoft
heabov
e

AnsD

60.Acompanydi
rect
edt
ochangei
tsnamehas_
___
___
_tocompl
y.

A3weeks

B.
4weeks

C.
5weeks

D.
6weeks

AnsD

61.Whenacompanycar
ri
esonbusi
nessunderasi
mil
arname,
anact
ionmaybet
akenagai
nst
i
tknownas___
____

A.Passi
ngof
fact
ion

B.Wi
ndi
ngupact
ion

C.Di
ssol
uti
onact
ion

D.Li
qui
dat
ionact
ion

AnsA

62.Wher
eacompanyf
ail
stochangei
tsnamewi
thi
nthest
ipul
atedt
imeoft
hedi
rect
ive,
sect
ion
21(
9)mandat
est
he_
___
__t
ochangenameoft
hecompany
.

A.Cour
t

B.Regi
str
ar

C.Chai
rman

D.Bot
hAandB

AnsB

63.Al
lthef
oll
owi
ngst
atement
sar
ecor
rectperAct992except

A.Theobject
sofacompanymustnotbest
atedi
ntheAppl
i
cat
ionf
orr
egi
str
ati
onandt
he
const
it
uti
onofthecompany

B.Compani
esar
enotmandat
edt
ost
atet
hei
raut
hor
izedbusi
nessorobj
ect
s.

C.Thel
i
mit
sofaut
hor
it
yofacompanycanonl
ybesetbyi
tsconst
it
uti
on

D.Compani
esshal
lunder
takeanybusi
nessoract
ivi
tybutmustnoti
l
legal
oragai
nstpubl
i
c
pol
icy

AnsA

64.TheCompaniesAct,
992doesnotper
mitcompani
eswhohav
edef
inedt
hei
robj
ect
stoact
beyondsuchobj
ects.

A.Tr
ue

B.Par
tl
yTr
ue

C.Fal
se

D.Par
tl
yFal
se

AnsC

65._
___
___
rul
erequi
redt
hatcompani
esst
ickst
ri
ctl
ytot
hei
robj
ect
soraut
hor
izedbusi
nesses.

A.I
ntr
avi
res

B.I
ndoormanagement
C.Ul
tr
avi
res

D.Const
ruct
ivenot
ice

AnsC

66.Thel
i
abi
li
tyofmember
sofacompanyl
i
mit
edbyshar
esshal
li
ntheev
entoft
hecompany
goi
ngbankr
uptorbei
ngwoundup

A.For
fei
tthei
rcompanyasset
sandpr
ivat
epr
oper
ty

B.For
fei
tthei
rpr
ivat
epr
oper
tybutnotcompanyasset
s

C.For
fei
tcompanyasset
sbutnotpr
ivat
epr
oper
ty

D.Noneoft
heabov
e

AnsC

67._
____
__i
ssui
tabl
efornon-
prof
it
-maki
ngbodi
essuchassoci
alcl
ubs,
resi
dent
sassoci
ati
ons,
chur
chesandNGOs

A.LTD

B.PLC

C.LBG

D.PUC

AnsC

68.Whi
choft
hef
oll
owi
ngi
str
ueconcer
ningunl
i
mit
edl
i
abi
l
itycompany
?

A.Theshar
ehol
der
sar
eli
abl
eforal
lthedebtoft
hecompany

B.Thecompanyhascor
por
ateper
sonal
i
ty

C.Unl
i
mit
edl
i
abi
l
itycompanyi
sanuni
ncor
por
atedcompany

D.Bot
hAandB

AnsD
69.Theexpr
essi
on"
est
abl
i
shedpl
aceofbusi
ness"meansabr
anch,
management
,or_
___
___
__

A.Shar
e

B.Tr
ansf
er

C.Fact
ory

D.Anyoft
heabov
e

AnsD

70.Inthecaseof____
____
,itwasacontractbet
weencompanyandmembersandthecour
theld
thatthepl
aint
if
fisboundbytheregul
ati
onandshouldsubmi
ttoarbi
tr
ati
onandnott
hecourt
fi
rst.

A.Ray
fiel
dvHands

B.Hi
ckmanvKent

C.El
eyvPosi
ti
veLi
feI
nsur
ance

D.FossvHar
bot
tl
e

AnsB

71.Whi
choft
hef
oll
owi
ngcasesi
sacaseofcont
ractbet
weenmember
s?

A.Ray
fiel
dvHands

B.El
eyvPosi
ti
veLi
feI
nsur
ance

C.Hi
ckmanvKent

D.Amar
teyvSSBBank

AnsA

72.Theprov
isi
onsof_
___
___shal
lappl
ytoapr
ivat
ecompanynothav
ingar
egi
ster
ed
const
it
uti
on.

A.Fi
rstschedul
e
B.Secondschedul
e

C.Thi
rdschedul
e

D.Four
thschedul
e

AnsB

73.Sect
ion30ofAct992per
mit
sal
ter
ati
onoft
heconst
it
uti
onby_
___
___

A.Speci
alr
esol
uti
on

B.Or
dinar
yresol
uti
on

C.Maj
ori
tyr
ule

D.Anyoft
heabov
e

AnsA

74.I
nthecaseofDuPaul
WoodTr
eat
mentv
.Asar
e,_
___
___
__

A.Speci
alr
esol
uti
onwaspassed

B.Nonewr
egul
ati
onsoft
hecompanywasadopt
ed

C.Thenewr
egul
ati
onspur
por
tedt
ohav
ebeenadopt
edwasi
nval
i
d

D.I
tdi
dcompl
ywi
thsect
ions16and21oft
heAct179

AnsC

75.Everyal
ter
ati
onmustbeef
fect
edi
nthei
nter
estoft
hecompanyasest
abl
i
shedi
nthecase
of___
_ _
___

A.Ray
fiel
dvHands

B.Hi
ckmanvKent

C.El
eyvPosi
ti
veLi
feI
nsur
ance

D.Gr
eenhal
ghvAr
der
neCi
nemasLt
d

AnsD
76.Whi
choft
hef
oll
owi
ngar
eli
mit
ati
onsonal
ter
ati
onoft
heconst
it
uti
onofacompany
?

A.Al
ter
ati
onshoul
dnotconf
li
ctwi
thacour
tor
deri
nter
msofr
emedygr
ant
ed

B.Li
mitedl
iabi
li
tycompanycannotbeal
ter
edt
ounl
i
mit
edcompanyorguar
ant
eecompanyt
o
companyli
mitedbyshar
es

C.Bot
hAandB

D.Noneoft
heabov
e

AnsC

77.Thepr
inci
pleofl
i
fti
ngt
hev
eil
orpi
erci
ngt
hecor
por
atev
eil
isanexcept
iont
othecaseof
?

A.Sal
omonvSal
omon

B.FossvHar
bot
tl
e

C.Tr
evorvWhi
twor
th

D.Hi
ckmanvKent

AnsA

78.Ashar
ehol
derhast
her
ightt
orecei
vedi
vi
dendswhen_
___
___

A.Announced

B.Decl
ared

C.Ascer
tai
ned

D.Recogni
zed

AnsB

79.Sect
ion___
___oft
heActper
mit
sanyper
sonoft
heageofei
ght
eenandabov
etoappl
yfor
thei
ncorpor
ati
onofacompany.

A.10

B.11
C.12

D.13

AnsC

80.Thecombi
nedef
fectofsect
ion14(
1)&(
2)i
sthatcompani
es_
___
___

A.Requi
recer
ti
fi
cat
etocommencebusi
ness

B.Nol
ongerr
equi
recer
ti
fi
cat
etocommencebusi
ness

C.Musthav
ecer
ti
fi
cat
etocommencebusi
ness

D.Noneoft
heabov
e

AnsB

81.Ashar
ehol
der_
___
___oft
hecompany
.

A.Cannotbeadebt
or

B.Canbeacr
edi
tor

C.Canei
therbeadebt
ororcr
edi
tor

D.Canonl
ybeadebt
orbutnotacr
edi
tor

AnsC

82.Whi
choft
hef
oll
owi
ngst
atement
sisNOTcor
rect
?

A.Thedeat
hofamemberofacompanydoesnotaut
omat
ical
l
ybr
ingt
hecompanyt
oanend

B.Acompanyhasnocapaci
tyt
oent
eri
ntocont
ract
swi
tht
hir
dpar
ti
es

C.Acompanyact
sthr
oughi
tsper
sonnel

D.Noneoft
heabov
e

AnsB
83.Oncethecompanyhascompli
edwi
tht
herequir
ement
sofincor
porat
ionint
heAct
,iti
s
separ
ateanddist
inctf
rom t
hemember
saccor
dingtot
hecaseof____
_____
_

A.Mor
korv
.Kuma

B.Amar
teyv
.SSBBank

C.Gi
l
for
dMot
orsCoLt
dvHor
ne

D.Ray
fiel
dvHands

AnsA

84.APlai
nti
ffincorporat
edacompanyandsol dhi
sforestt
ot hecompanybutbefor
et hesal
e
hehadtakenani nsuranceontheforesti
nhisownnamewhi chwasdestroyedbyfi
re.TheCour
t
hel
dthathecoul dnotmakeaper sonalcl
aim si
ncethepropertybel
ongedtothecompany.
Whichofthefoll
owi ngcasesi
sdescr i
bedabove?

A.Mor
korvKuma

B.Gi
l
for
dMot
orsCoLt
dv.Hor
ne

C.Macur
av.Nor
ther
nAssur
ance

D.Jonesv
.Li
pman

AnsC

85.Acompanyatal
lmat
eri
alt
imesmusthav
e__
___
__di
rect
ors.

A.Two

B.Thr
ee

C.Four

D.Fi
ve

AnsA

86.I
tis_
___
___f
orpubl
i
ccompani
est
opubl
i
shi
tsannual
stat
ementofaccount
.

A.Obl
i
gat
ory
B.Notcompul
sor
y

C.Essent
ial

D.Benef
ici
al

AnsA

87._
___
___i
saper
sonengagedori
nter
est
edi
nthef
ormat
ionofacompany

A.Shar
ehol
der

B.Pr
omot
er

C.Tr
ust
ee

D.Agent

AnsB

88.I
nthebr
eachoff
iduci
arydut
ies,
whi
choft
hef
oll
owi
ngr
emedi
esmayappl
y?

A.Damages

B.Reci
ssi
on

C.Accountf
orsecr
etpr
ofi
t

D.Anyoft
heabov
e

AnsD

89.____
____r
efer
stoanyenti
tywhi
chtheoret
ical
l
yisormi
ghtbe,
ofsomel
egal
signi
fi
cance,
but
i
nf actl
acksanyident
it
yordi
sti
nctst
ruct
ureofitsown

A.Legal
concept

B.Legal
nul
l
ity

C.Cor
por
ateper
sonal
i
ty

D.Cor
por
atev
eil

AnsB
90.Thecor
por
atev
eil
maybel
i
ftedunderci
rcumst
ancesof

A.Fr
audul
entt
radi
ng

B.Taxev
asi
on

C.Ev
adi
ngofcont
ract
ual
obl
i
gat
ions

D.Anyoft
heabov
e

AnsD

91.Acompanyshal l
furni
shtheRegi
str
ar,
wit
hin___
___
__af
terr
aisi
ngit
sstat
edcapit
al,
the
prescr
ibedf
orm showingtheamountofmoneyrai
sedandt
hetotal
stat
edcapit
al.

A.18day
s

B.21day
s

C.24day
s

D.28day
s

AnsD

92.Thev
eil
maybel
i
ftedi
nthef
oll
owi
ngsi
tuat
ionsexcept

A.Whent
henameofacr
edi
tori
swi
l
lful
l
yconceal
ed

B.Whent
hecompanycar
ri
esonbusi
nesswi
thoutatl
eastonemember

C.Whenonedi
rect
orcar
ri
esonbusi
nessf
ormor
ethanf
ourweeks

D.Noneoft
heabov
e

AnsD

93.Whichofthefol
l
owingper
sonsshallbel
i
abl
etopayapenalt
ywhent
hecompanycar
ri
eson
busi
nesswithlesst
hantwodi
rect
orsformoret
hanfourweeks?

A.Thecompanyandev
erydi
rect
ori
ndef
aul
t
B.Ev
erydi
rect
or,
ever
ymemberandt
hecompanyi
ndef
aul
t

C.Ev
erymemberandt
hecompanyi
ndef
aul
t

D.Ev
erymemberandev
erydi
rect
ori
ndef
aul
t

AnsB

94.Anempl oy eeenter
edintoanagr eementnottocompet ewit
hhisfor
meremploy
erafter
ceasingempl oyment.Inordertoavoidthi
srest
ricti
on,theempl
oyeesetupacompanyand
actedthrought hat
.TheCour thel
dthatsuchmaneuv erwoul
dnotbetol
erat
edandtheveil
wil
l
belif
ted.Thiswasest abl
ishedinthecaseof_ _
__ _
_____

A.JonesvLi
pman

B.Sal
omonvSal
omon

C.Kumi
vKumi

D.Gi
l
for
dMot
orCoLt
dvHor
ne

AnsD

95.___
_____
caser
einfor
cesthef
actthatout
sidegener
almeet
ings,
nomemberormember
s
acti
ngalonemaybindthecompany

A.Bosi
akovCocoaMar
ket
ingBoar
d

B.Kel
nervBaxt
er

C.Amar
teyvSSBBank

D.Panagi
otopoul
osvPl
ast
ico

AnsA

96.Whi
choft
hef
oll
owi
ngst
atement
sconcer
ningmeet
ingi
sinaccur
ate?

A.Audi
tor
sanddi
rect
orscanonl
yber
emov
edatagener
almeet
ing

B.Meet
ingsal
l
owmember
stohol
ddi
rect
orsaccount
abl
e

C.Meet
ingsal
l
owsmember
stoexer
ciset
hei
rri
ght
s
D.Ever
ycompanymusthol
datl
eastt
wogener
almeet
ingsi
neachy
earwi
thi
nter
val
sofnot
morethan15mont
hs

AnsD

97.Anymeet
ingt
hatmaybecal
l
edatanyt
imeandf
oranypur
posei
sref
err
edt
oas_
___
___
__

A.Annual
gener
almeet
ing

B.Ext
raor
dinar
ymeet
ing

C.Emer
gencymeet
ing

D.Execut
ivemeet
ing

AnsB

98.Thequor
um ofameet
ingdependson

A.Thet
ypeofmeet
ingbei
nghel
d

B.Thenumberofmember
sint
hecompany

C.Deci
sionoft
hedi
rect
ors

D.Al
loft
heabov
e

AnsA

99.__
_____
_resol
uti
oni
spassedbysi
mpl
emaj
ori
tyofmember
swhoar
e__
___
__ei
theri
nper
son
orbyproxy.

A.Or
dinar
y;ent
it
ledt
ovot
e

B.Speci
al;
ent
it
ledt
ovot
e

C.Or
dinar
y:ent
it
ledt
ovot
eandact
ual
l
y

D.Speci
al:
ent
it
ledt
ovot
eandact
ual
l
yvot
ing

AnsC
100.Whichofthecasesbel
owwashel
dthatt
henot
icewasi
nval
i
dsi
ncet
hesecr
etar
ylacked
thecapaci
tyt
oconv eneameet
ing?

A.Bosi
akovCocoaMar
ket
ingBoar
d

B.Amar
teyvSSBBank

C.Lugut
erahvNor
ther
nEngi
neer
ing

D.Appent
engvBankofWestAf
ri
ca

AnsC

101.Accor
dingt
oSecti
on157oftheAct992,ever
ycompanymusthol
datl
eastonegener
al
meeti
ngineachyearwi
thi
nter
val
snotexceeding_
___
___
_

A.10mont
hs

B.12mont
hs

C.15mont
hs

D.18mont
hs

AnsC

102._
___
___
_ar
eusual
l
yhel
dtodi
scusst
hef
inanci
alr
epor
toft
hecompanyf
ort
hey
ear
.

A.Ext
raor
dinar
yGener
almeet
ings

B.Annual
Gener
almeet
ings

C.Cl
assmeet
ings

D.Execut
ivemeet
ings

AnsB

103.I
tisanof
fencef
oronl
yonedi
rect
ori
nGhanat
oconv
eneExt
raor
dinar
yGener
alMeet
ing.

A.Tr
ue

B.Par
tl
yTr
ue
C.Fal
se

D.Par
tl
yFal
se

AnsC

104.Whi
chofthefol
lowi
ngper
sonsshal
lbesubj
ectt
othesamedut
iesandl
i
abi
l
iti
esasi
fhe
wereadul
yappoint
eddir
ect
oroft
hecompany?

A.Aper
sonwhoshal
lhol
dhi
msel
foutasadi
rect
oroft
hatcompany

B.Aper
sonwhoshal
lknowi
ngl
yal
l
owhi
msel
ftobehel
doutasadi
rect
oroft
hatcompany

C.Aper
sononwhosedi
rect
ionsori
nst
ruct
ionst
hedul
yappoi
nteddi
rect
orsar
eaccust
omedt
o
act

D.Anyoft
heabov
e

AnsD

105.Whi
choft
hef
oll
owi
ngappl
i
est
othecaseofCommodor
evFr
uitSuppl
y(Ghana)Lt
d?

A.Theshar
ehol
derhadnotbeenappoi
ntedasadi
rect
oroft
hatcompany

B.Thenameoft
henon-
shar
ehol
derwaspr
int
edont
hecompany
'sl
ett
erhead

C.Theshar
ehol
derwasal
l
owedt
otr
ansactbusi
nessf
ort
hecompany

D.Itwasheldt
hatt
henon-
shar
eholderwasadir
ect
orandt
hathi
sactswer
ebindi
ngonthe
companywhethert
heper
sonwithwhom hedeal
twit
hkneworshoul
dhaveknowl
edgeoft
he
i
rregul
ari
ty

AnsB

106.Accor
dingt
osect
ion_
___
__ofAct992,
ever
yincor
por
atedcompanymusthav
eatl
eastt
wo
di
rector
s

A.170

B.171

C.172
D.173

AnsB

107.Adi
rect
ori
sappoi
ntedby
___
___
_oft
hecompanyi
ngener
almeet
ingi
naccor
dancewi
th
s.
172ofAct992

A.Speci
alr
esol
uti
on

B.Manager

C.Or
dinar
yresol
uti
on

D.Super
maj
ori
ty

AnsC

108.Thedi
rect
orsofacompanyder
ivet
hei
rpowerf
rom _
___
__

A.Const
it
uti
on

B.Resol
uti
on

C.Ei
therAorB

D.Noneoft
heabov
e

AnsC

109.Whi
choft
hef
oll
owi
ngper
sonscanbeadi
rect
orofacompany
?

A.Ani
nfantwi
thasoundmi
nd

B.Aper
sondecl
aredbankr
uptbycour
tor
der

C.Abodycor
por
ate

D.Noneoft
heabov
e

AnsD

110.Oneappoi
ntedt
oactasdeput
yforanot
hernameddi
rect
orandhi
ssubor
dinat
einhi
s
absencei
scal
l
ed_
___
___
_

A.Subst
it
utedi
rect
or

B.Def
act
odi
rect
or

C.Shadowdi
rect
or

D.Al
ter
nat
edi
rect
or

AnsA

111.Adi r
ect
orappoi
ntedtoactonbehal
fofanot
herdir
ect
orforspeci
fi
edperiodoft
imenot
exceeding6monthsifthedi
rect
ori
sabsentf
rom Ghanaorunabl
eforanyreasontoacti
s
ref
erredtoas___
____

A.Subst
it
utedi
rect
or

B.Def
act
odi
rect
or

C.Shadowdi
rect
or

D.Al
ter
nat
edi
rect
or

AnsD

112.Itwashel
dinthecaseof_____
___thatt
herefusaloftheboardofdir
ect
orst
oacceptt
he
appl
icant'
sat
tor
neyasanalter
natedir
ectorcannotbequestioned.Theat
tor
neywasnota
di
rectorandt
herewasnoresolut
ionoftheboardapprovinghim.

A.Commodor
evFr
uitSuppl
y(Ghana)

B.Okudj
etovI
rani
Brot
her
s

C.Asaf
o-Adj
ayeandot
her
svAgy
ekum

D.Kumi
vKumi

AnsB

113._____
___oft
hecompani
esActdef
inesManagi
ngDir
ect
orasadir
ectort
owhom ithasbeen
delegat
edsomeofthepower
softheBoardofDi
rect
orst
odir
ectandadmini
stert
hebusi
nessof
thecompany .
A.Sect
ion170

B.Fi
rstschedul
e

C.Sect
ion182

D.Secondschedul
e

AnsB

114.___
____hol
dsanyotherof
fi
ceorpl
aceofprof
itundert
hecompany
,ot
hert
hanoft
heof
fi
ce
of___
____i
naddit
iont
otheoffi
ceofadi
rect
or.

A.Managi
ngdi
rect
or;
Secr
etar
y

B.Execut
ivedi
rect
or;
Audi
tor

C.Def
act
odi
rect
or;
Secr
etar
y

D.Non-Execut
ivedi
rect
or;
Audi
tor

AnsB

115.Adi
rect
or,
Secr
etar
y,oranyl
i
qui
dat
orar
eal
l__
___
___oft
hecompany

A.Member
s

B.Of
fi
cer
s

C.Agent
s

D.Bot
hAandB

AnsB

116.Al
lthef
oll
owi
ngar
edut
iesofaCompanySecr
etar
yexcept

A.Makesar
rangementf
orboar
dmeet
ings

B.Sendsoutnot
ices

C.Fi
l
esr
etur
nsatRegi
str
arGener
al

D.Conv
enesgener
almeet
ings
AnsD

117.Oneoft
hef
oll
owi
ngper
sonsi
snotanof
fi
cerofacompany

A.Li
qui
dat
or

B.Recei
ver

C.Audi
tor

D.Secr
etar
y

AnsC

118.Foranappoi
ntmentasanaudi
torbyapr
ivat
ecompany
,hemustqual
i
fyundert
he_
___
___

A.Sect
ion173ofcompani
esAct
,992

B.Char
tedAccount
antAct
,1963

C.Compani
es'
Account
ancyAct
,1962

D.Audi
tor
sQual
i
ficat
ionAct
,1963

AnsB

119.Thei
nter
estofmembersofabodycor
por
atewhoar
eent
it
ledt
oshar
eint
hecapi
tal
or
i
ncomeofsuchbodycorpor
ateisknownas

A.Bonds

B.Debent
ures

C.Shar
es

D.Di
vi
dends

AnsC

120.Secti
on42ofAct992sti
pul
atest
hatshar
eshav
eri
ghtandl
i
abi
l
iti
esat
tachedt
othem
whicharedependenton_
___
____
A.Ter
msofi
ssue

B.Company
'sconst
it
uti
on

C.Compani
esAct

D.Al
loft
heabov
e

AnsD

121.Al
lthef
oll
owi
ngar
efeat
uresofshar
esexcept

A.I
tisaper
sonal
est
ate

B.I
tisamov
abl
epr
oper
ty

C.I
tisar
eal
proper
ty

D.Thei
nter
estofashar
ehol
deri
sint
hecapi
tal
ori
ncomeoft
hecompany

AnsC

122.__
_____
_isashar
ewhichdoesnotent
it
lei
tsholdert
oanyri
ghtt
opart
ici
pat
ebeyonda
speci
fi
edamountofmoneyinanydist
ri
buti
onwhetherbymeansofadi
vi
dend,oron
redempti
on,i
nwindi
ngup

A.Equi
tyshar
e

B.Pr
efer
enceshar
e

C.Equi
typr
efer
enceshar
e

D.Or
dinar
yshar
e

AnsB

123.___
____
isonewhichenti
tl
esit
sholdertorecei
vehisf
ull
div
idendsasdecl
aredf
ort
hatand
prev
iousperi
odsbef
oredivi
dendsarepayabletoother
s.

A.Non-
cumul
ati
vepr
efer
enceshar
e

B.Conv
ert
ibl
epr
efer
enceshar
e

C.Cumul
ati
vepr
efer
enceshar
e
D.Redeemabl
epr
efer
enceshar
e

AnsC

124.Ashar
ethati
scapabl
eofbei
ngacqui
redbackbyt
hecompanywhi
chi
ssuedi
tiscal
l
ed
___
___
__

A.Redeemabl
eor
dinar
yshar
e

B.Redeemabl
epr
efer
enceshar
e

C.Cumul
ati
vepr
efer
enceshar
e

D.Nonr
edeemabl
epr
efer
enceshar
e

AnsB

125.Di
vi
dendpay
ment
smayber
esol
vedby_
___
___oft
hecompany

A.Di
rect
ors

B.Shar
ehol
der
s

C.Const
it
uti
on

D.Anyoft
heabov
e

AnsD

126.Awri
tt
enacknowl
edgementofi
ndebt
ednessbyt
hecompanyset
ti
ngoutt
het
ermsand
condi
ti
onsoft
heloani
srefer
redt
oas____
___

A.Debent
ure

B.Loancov
enant

C.Char
ge

D.Anyoft
heabov
e

AnsA
127.Whi
choft
hef
oll
owi
ngst
atement
sisCor
rect
?

A.Adebent
urehol
deri
samemberoft
hecompany

B.Adebent
urehol
deri
sent
it
ledt
oat
tendagener
almeet
ingoft
hecompany

C.Adebent
urehol
dershal
lnotbeamemberoft
hecompany

D.Adebent
urehol
dercanv
oteatagener
almeet
ing

AnsC

128.Adebent
uret
hati
smadei
rr
edeemabl
eexceptdur
ingl
i
qui
dat
ioni
sknownas_
___
___

A.Redeemabl
edebent
ure

B.Conv
ert
ibl
edebent
ure

C.Per
pet
ual
debent
ure

D.Secur
eddebent
ure

AnsC

129.Wher
ethedebent
urei
sconv
ert
edi
ntoshar
esi
tis_
___
__i
ssuedshar
esf
or_
___
___
___

A.Di
ff
erentf
rom;
non-
cashconsi
der
ati
on

B.Si
mil
art
o;non-
cashconsi
der
ati
on

C.Di
ff
erentf
rom;
cashconsi
der
ati
on

D.Si
mil
art
o;cashconsi
der
ati
on

AnsB

130.Al
oanunsecur
edagai
nstanyassetoft
hecompanyi
sknownas_
___
___

A.Nakeddebent
ure

B.Debent
ure

C.Bi
l
lspay
abl
e
D.Not
es

AnsA

131._
___
___i
swher
easset
sar
econv
ert
edi
ntocasht
opayof
fli
abi
l
iti
es

A.Wi
ndi
ngup

B.Di
ssol
uti
on

C.Li
qui
dat
ion

D.Cessat
ion

AnsC

132.Vol
unt
arywi
ndi
ngupi
spr
edet
ermi
nedbyt
hecompanyandi
tscr
edi
tor
sbypassi
ng
___
_____

A.Speci
alr
esol
uti
on

B.Or
dinar
yresol
uti
on

C.Si
mpl
emaj
ori
tyv
otes

D.Anyoft
heabov
e

AnsA

133.__
____
occurswhent
her
eisf
ormal
pronouncementbyt
he_
___
__t
hatt
hecompanyi
sst
ruck
offt
heregi
ster
.

A.Wi
ndi
ngup;
Regi
str
ar

B.Li
qui
dat
ion;
Cour
t

C.Di
ssol
uti
on;
Regi
str
ar

D.Di
ssol
uti
on;
Cour
t

AnsC
134.Pet
it
ioncanbemadebya_
___
___
_oft
hecompanyt
otheRegi
str
arf
orwi
ndi
ngup.

A.Cr
edi
tor

B.Member

C.Cont
ri
but
or

D.Anyoft
heabov
e

AnsD

135.Apetit
ionmaybemadet
othecour
tfort
hewi
ndi
ngupofacompanyf
ort
hef
oll
owi
ng
reasonsexcept

A.Fai
l
ingt
ocommencebusi
nesswi
thi
n6mont
hs

B.Wher
ethecompanyhasnomember
s

C.I
nabi
l
ityt
opaycompanydebt
s

D.Wher
eiti
sjustandequi
tabl
etodoso

AnsA

136._
___
___
___
cannotpr
oceedwi
thoutdecl
arat
ionofsol
vencybyt
hedi
rect
ors

A.Of
fi
cial
li
qui
dat
ion

B.Pr
ivat
eli
qui
dat
ion

C.Wi
ndi
ngup

D.Compul
sor
ywi
ndi
ngup

AnsB

137.Apr
ivat
eli
qui
dat
ioncancommenceby_
___
___

A.Passageofspeci
alr
esol
uti
on

B.Decl
arat
ionofsol
vencyt
oset
tl
edebt
swi
thi
nay
ear

C.Not
if
icat
iont
otheRegi
str
arwi
thi
n2weeksoft
her
esol
uti
on
D.Al
loft
heabov
e

AnsD

138.___
____
_isanautonomousgovernmentalbodywi
thperpet
ualsuccessi
onappoi
ntedbyt
he
Presi
dentofGhanatohaveful
lcont
rolovertheuseofi
nter
nall
ygeneratedf
unds

A.Regi
str
arGener
al

B.Regi
str
arofCompani
es

C.Commi
ssi
onerGener
al

D.Anyoft
heabov
e

AnsB

139.TheRegi
str
arofCompani
esshal
lhav
eagov
erni
ngboar
dcompr
isi
ngal
lthef
oll
owi
ng
except

A.Ar
epr
esent
ati
veoft
hePr
ivat
eEnt
erpr
isesFoundat
ion

B.Arepr
esent
ati
veoft
heMi
nist
ryofTr
adeandI
ndust
ryei
therbel
oworequal
tot
her
ankofa
di
rect
or

C.Arepresent
ati
vef
rom t
heOf
fi
ceoft
heAt
tor
neyGener
alnotbel
owt
her
ankofPr
inci
pal
Stat
e
Att
orney

D.TheRegi
str
arofCompani
es

AnsB

140.Whi
choft
hef
oll
owi
ngmember
soft
heBoar
dcanhol
dof
fi
cef
ormor
ethant
eny
ear
s?

A.Al
awy
erwi
thatl
eastt
eny
ear
s'exper
ienceandnomi
nat
edbyt
heGhanaBarAssoci
ati
on

B.Abusi
nessacademi
aper
son

C.Aper
sonf
rom t
heI
nst
it
uteofChar
ter
edAccount
ant

D.Regi
str
arofCompani
es

AnsD
141.Membersoft
heBoard(
exceptt
heROC)cannothol
dof
fi
cef
or_
___
_andmaynotal
sobe
appoi
ntedf
ormorethan_
___
__.

A.Sev
eny
ear
s;t
wot
erms

B.Ei
ghty
ear
s;t
hreet
erms

C.Teny
ear
s;t
wot
erms

D.Twel
vey
ear
s;t
wot
erms

AnsC

142.Thesi
gnedconst
it
uti
onbyt
hemember
soft
hecompanyort
hecompany
'ssecr
etar
ymay
bedeli
ver
edtotheRegi
str
ar_
___
___
_

A.Bef
orei
ncor
por
ati
on

B.Af
teri
ncor
por
ati
on

C.Fourweeksbef
orei
ncor
por
ati
on

D.Anyoft
heabov
e

AnsD

143.__
___
_ist
her ulethatr
equi
rescompani
est
ost
ickst
ri
ctl
ytot
hecat
egor
yofbusi
nesses
stat
edint
hei
rregulati
ons

A.Ul
tr
aVi
resRul
e

B.I
ntr
aVi
resRul
e

C.Const
ruct
ivenot
ice

D.I
ndoormanagementr
ule

AnsA

144.Whichoft
hef
oll
owi
ngi
sar
equi
rementf
orqual
i
ficat
iont
oappoi
ntmentasaCompany
Secret
ary?
A.Aper
sonwi
thapr
ofessi
onal
ort
ert
iar
ylev
elqual
i
ficat
ioni
ncompanyl
awpr
act
ice

B.Aper
sonwhohashel
dof
fi
ceunderaqual
i
fiedcompanySecr
etar
yforatl
eastt
hreey
ear
s

C.Aper
sonwhohasbeenenr
oll
edt
opr
act
iceasasol
i
cit
ororbar
ri
steri
nGhana

D.Al
loft
heabov
e

AnsD

145.Whi
chONEoft
hef
oll
owi
ngi
snotamaj
orchangeef
fect
edi
nthenewcompani
esAct
?

A.Cr
eat
ionoft
heof
fi
ceoft
heRegi
str
ar

B.Noul
tr
avi
resr
ule

C.Mandat
oryr
equi
rementf
orr
otat
ionofaudi
tor
sofcompani
es

D.Noneoft
heabov
e

AnsD

146.Aper
sonisdi
squali
fi
edf
rom hol
dingt
heposi
ti
onofdi
rect
orofacompanyf
ort
he
fol
lowi
ngr
easonsexcept

A.Conv
ict
ionofof
fencei
nvol
vi
ngf
raudordi
shonest
y

B.Adj
udgedbankr
upt

C.Bei
ngundert
heageof24y
ear
sinGhana

D.Disbar
redf
rom bei
ngpar
tofar
ecogni
zedpr
ofessi
onal
bodyasar
esul
tofadi
sci
pli
nar
y
act
ion

AnsC

147.The_
___
__convi
cti
onofof
fenceshal
lrendert
heper
sonper
manent
lydi
squal
i
fiedf
rom
act
ingasadi
rect
or

A.Fi
rst

B.Second

C.Thi
rd
D.Four
th

AnsC

148.Whichofthefol
lowingiscur
rent
lybef
orepar
li
amentandi
sexpect
edt
orepeal
theBodi
es
Corpor
ate(
off
icial
li
quidati
on)Act
,Act180?

A.Rest
ruct
uri
ngandI
nsol
vencyBi
l
l

B.I
nsol
vencyAct

C.Rest
ruct
uri
ngpr
ovi
sionsAct

D.Compani
esAct
,2019(
Act992)

AnsA

149.Audi
tor
sofpubl
i
ccompani
esshal
lbecompul
sor
il
yrot
atedaf
ter_
___
__t
erm.

A.Si
xyear

B.Sev
eny
ear

C.Ei
ghty
ear

D.Teny
ear

AnsB

150.Therei
s__
___
__cool
i
ngof
fper
iodaf
terwhi
chaudi
tor
sinpr
ivat
ecompani
esmayber
e-
appoi
nted.

A.3y
ear
s

B.5y
ear
s

C.7y
ear
s

D.10y
ear
s

AnsB
151.TheNewActi
ntr
oducesapubl
i
cat
ionknownast
he_
___
__madebyt
heRegi
str
arof
Companies.

A.Gazet
te

B.Newsl
ett
er

C.Compani
esBul
l
eti
n

D.Cent
ral
Regi
ster

AnsC

152.Theworkof'
GowerCommissi
on'r
esul
tedinthereplacementof____
__t
oregul
atet
he
act
ivi
ti
esofcompani
esinGhanawhi
chreducedthecoloniali
nfl
uence.

A.Compani
esCode1963(
Act179)

B.Compani
esAct2019(
Act992)

C.Compani
esOr
dinance1963

D.Or
dinanceofGhana,
1907

AnsA

153.I
nthe____
___,
compani
eswer
erequi
redt
ost
ickst
ri
ctl
ytot
hecat
egor
yofbusi
nessst
ated
i
ntheirr
egul
ati
ons.

A.Compani
esAct
,1963(
Act992)

B.Compani
escode,
2019(
Act992)

C.Compani
escode,
1963(
Act179)

D.Compani
esAct
,2019(
Act179)

AnsC

154.ThenewcompanyActi
ncl
udesa"
Buyout
"remedyf
ordi
ssent
ing_
___
___
_shar
ehol
der
s

A.Or
dinar
y

B.Mi
nor
it
y
C.Maj
ori
ty

D.Pr
efer
ence

AnsB

155.Undert
he_
___
___
_,t
her
eisar
equi
rementf
ormandat
oryr
otat
ionofaudi
tor
sofcompani
es.

A.Compani
esAct
,1963(
Act179)

B.Compani
escode,
2019(
Act992)

C.Compani
escode,
1963(
Act179)

D.Compani
esAct
,2019(
Act992)

AnsD

156.ThenewcompaniesActenablescompani
estoenf
orcetheright
soft hecompanythr
ough
deri
vat
iveact
ions._
___
___
__sharehol
dersmayappl
ytothecourtforl
eavet obri
nganacti
onin
thenameandonbehalfofthecompanytoenfor
cether
ight
sorr ecoverasset
sbelongi
ngtothe
Company .

A.Maj
ori
ty

B.Mi
nor
it
y

C.Cont
rol
l
ing

D.Or
dinar
y

AnsB

157.Dependi
ngont
hebusi
nessneeds,
ther
ear
e__
___
_mai
nty
pesofl
egal
ent
it
iesonecan
for
mi nGhana.

A.Thr
ee(
3)

B.Four(
4)

C.Fi
ve(
5)

D.Si
x(6)
AnsD

158._
___
___
_isbestsui
tedf
orNot
-For
-Pr
ofi
tOr
gani
zat
ions.

A.Companyl
i
mit
edbyshar
es

B.Unl
i
mit
edcompany

C.Companyl
i
mit
edbyguar
ant
ee

D.Ext
ernal
company

AnsC

159.Companyl
i
mit
edbyshar
esandcompanyl
i
mit
edbyguar
ant
eear
ejoi
ntl
yref
err
edt
oas
___
_____

A.Cor
por
ati
on

B.Li
mit
edl
i
abi
l
itycompani
es

C.Regi
ster
edcompani
es

D.Compani
esl
i
mit
edbyshar
es

AnsB

160.Thest
epst
oregi
ster
ingacompanyl
i
mit
edbyshar
esi
nGhanai
ncl
udesal
lexcept

A.Companynamesear
chatRegi
str
arGener
alDepar
tment

B.Taxpay
erI
dent
if
icat
ionNumber(
TIN)r
egi
str
ati
onf
oral
ldi
rect
ors,
secr
etar
yandshar
ehol
der
s

C.Pay
mentofst
ampdut
y,busi
nessi
ncor
por
ati
onandf
il
ingf
ees

D.Noneoft
heabov
e

AnsD

161.Whi
chofthefol
lowi
ngisastat
utoryf
eer
equi
redt
obepai
datt
heRegi
str
arGener
al'
s
Depar
tmentdur
ingcompanyregi
str
ati
on?
A.St
ampdut
y

B.I
ncor
por
ati
onandf
il
ingf
ee

C.St
atedcapi
tal

D.Bot
hAandB

AnsD

162.Astampdutyof_
___
__appl
i
esont
hei
nit
ial
stat
edcapi
tal
andanysubsequenti
ncr
easei
n
thest
atedcapi
tal
.

A.0.
25%

B.0.
5%

C.1%

D.0.
05%

AnsB

163.Themini
mum amountofst
atedcapi
tal
foral
l100%Ghanai
anownedl
i
mit
edl
i
abi
l
ity
companiesi
s___
____

A.GHS200

B.GHS300

C.GHS400

D.GHS500

AnsD

164.Thest
ampdut
yis_
___
___
_.

A.At
axont
ransact
ions

B.At
axondocument
sbr
oughti
ntobei
ngf
ort
hepur
posesofr
ecor
dingt
ransact
ions.

C.Notat
axonspeci
fi
cinst
rument
sthathav
elegal
eff
ect
.
D.Al
loft
heabov
e

AnsB

165.Computethest
ampdutyf
oraj
ointv
ent
urebet
weenf
orei
gnerandGhanai
anwhi
chhasa
stat
edcapi
talofUS$300,
000.

A.US$1,
000

B.US$1,
500

C.US$100,
000

D.US$150,
000

AnsB

166.Whati
sthet
otal
stat
utor
yfeest
obepai
dbyaGhanai
anwhol
l
yownedcompanywi
tha
stat
edcapi
tal
ofGHS25000?

A.GHS125

B.GHS455

C.GHS1,
580

D.GHS12,
830

AnsB

167.Awhol
lyownedf
orei
gntr
adi
ngcompanyhasast
atedcapi
tal
ofUS$850,
000.Howmuch
shoul
dbepaidasast
atut
oryf
ee?

A.St
ampdut
yUS$4,
250andi
ncor
por
ati
onandf
il
ingf
eesGHS330

B.St
ampdut
yUS$425,
000andi
ncor
por
ati
onandf
il
ingf
eesGHS330

C.St
ampdut
yUS$Ni
landi
ncor
por
ati
onandf
il
ingf
eesGHS330

D.St
ampdut
yUS$Ni
landi
ncor
por
ati
onandf
il
ingf
eesGHSNi
l

AnsD
Uset
hef
oll
owi
ngdat
atoanswerquest
ions168-
169

Acompanypay
sast
ampdut
yofUS$1,
750.

168.Whatwast
heamountoft
hest
atedcapi
tal
?

A.US$300,
000

B.US$350,
000

C.US$400,
000

D.US$500,
000

AnsB

169.Thecompanyi
sli
kel
ytobe_
___
___

A.Ghanai
anownedl
i
mit
edl
i
abi
l
itycompany

B.100%f
orei
gnownedcompany

C.Joi
ntl
yownedt
radi
ngent
erpr
ise

D.Joi
ntv
ent
urebet
weenf
orei
gnandGhanai
an

AndD

170.Thet
otal
costofi
ncor
por
ati
onandf
il
ingf
eesi
nGhanai
spay
abl
eat_
___
___

A.GHS230

B.GHS300

C.GHS330

D.GHS350

AnsC

171.Whati
sthemi
nimum st
atedcapi
tal
requi
rementf
orwhol
l
yownedf
orei
gncompany
?

A.US$200,
000
B.US$350,
000

C.US$500,
000

D.US$1,
000,
000

AnsC

172.Fi
l
ingannual
ret
urnsf
oracompanyi
schar
gedataf
eeof_
___
__

A.GHS50

B.GHS70

C.GHS85

D.GHS100

AnsA

173.I
nGhanapar
tner
shi
pisr
egul
atedby_
___
___

A.Busi
nessNamesAct
,1962(
Act151)

B.I
ncor
por
atedPr
ivat
ePar
tner
shi
pAct
,1962(
Act152)

C.Compani
esAct
,2019(
Act992)

D.I
ncor
por
atedPr
ivat
ePar
tner
shi
pAct
,1963(
Act152)

AnsB

174.__
___
__meanst
heassoci
ati
onoft
woormor
eindi
vi
dual
scar
ryi
ngonbusi
nessj
oint
lyf
or
thepur
poseofmaki
ngprof
it
s.

A.Sol
epr
opr
iet
orshi
p

B.Par
tner
shi
p

C.Gov
ernmentcompany

D.Guar
ant
eecompany

AnsB
175.Al
lthef
oll
owi
ngst
atement
sar
ecor
rectexcept

A.Thenumberofpar
tner
sinapar
tner
shi
pcanr
angef
rom t
wot
otwent
yincl
usi
ve

B.Ani
ndi
vi
dual
coul
dbet
heonl
ypar
tnerofapar
tner
shi
pfi
rm

C.Apar
tner
shi
pfi
rm hast
obel
i
qui
dat
edwher
efewert
hant
wopar
tner
scar
ri
eson
busi
nessf
ormor
ethansi
xmont
hs

D.Noneoft
heabov
e

AnsD

176.Thewi
ndi
ngupofaf
ir
m mayr
esul
tfr
om ei
ther
;

A.I
nsol
vencypr
oceedi
ngsundert
hei
nsol
vencyAct
,1962

B.Or
derofcour
t

C.Vol
unt
aryl
i
qui
dat
ionbyt
hepar
tner
s

D.Al
loft
heabov
e

AnsD

177.Whi
choft
hef
oll
owi
ngi
snott
rueundersect
ion2oft
heAct1962?

A."
Char
ge"i
ncl
udesamor
tgage,
legal
orequi
tabl
e

B."
Cour
t"meansSupr
emecour
t

C."
Fir
m"meansabodycor
por
atef
ormedbyr
egi
str
ati
onofapar
tner
shi
pinaccor
dance
wi
tht
heAct
D."
Par
tner
"incl
udesasol
esur
viv
ingorcont
inui
ngmemberofaf
ir
m

AnsB

178.Thebodycor
por
atel
i
stedbel
owcannotbeconsi
der
edaspar
tner
shi
p

A.Companyr
egi
ster
edundert
heCompani
esOr
dinance

B.Bodycor
por
atef
ormedi
naccor
dancewi
tht
hel
awofanyf
orei
gncount
rywhet
heror
notcar
ryi
ngonbusi
nessi
nGhana

C.Aj
ointv
ent
urewi
thoutaf
ir
m namef
oroneormor
especi
fi
coper
ati
ons

D.Al
loft
heabov
e

AnsD

179.A companyr
egi
ster
ed undert
he Compani
es Or
dinance oranyst
atut
oryr
e-
enact
mentcannotber
e-r
egi
ster
edi
naccor
dancewi
thsect
ion59oft
hePar
tner
shi
pAct
andt
heSecondschedul
e

Tr
ue/
Fal
se

AnsFal
se

180.Accor
ding t
o sect
ion 34 oft
he Act
,the r
elat
ionshi
p bet
ween par
tner
sis
_
___
___
_oneandassuchev
erypar
tneract
sasanagentoft
hef
ir
m

A.Fi
duci
ary

B.Fr
iendl
y

C.Di
l
igent
D.Cor
dial

AnsA

181.Thecont
entofpar
tner
shi
pdeedwi
l
lvar
ywi
th_
___
__

A.Thenat
ureofpar
tner
shi
p

B.Thet
ypeofbusi
ness

C.Thenumberofpar
tner
s

D.Bot
hAandB

AnsD

182.Uponregistr
ati
onofpart
nershi
p,t
heRegi
str
arshal
lcert
if
yunderhissealthatthef
ir
m has
beenregi
ster
edandi si
ncorporat
edandsuchcer
ti
fi
cateshal
lstat
ethatthel
iabil
it
yofthe
part
nersi
s_ _
__ _
____

A.Li
mit
ed

B.Unl
i
mit
ed

C.Condi
ti
onal

D.Anyoft
heabov
e

AnsB

183.__
_ __
_ofthepar
tner
shi
pAct
,1962pr
ohi
bit
smor
ethant
went
yper
sonst
ober
egi
ster
edas
part
nershipf
ir
m.

A.Sect
ion2

B.Sect
ion3

C.Sect
ion4

D.Sect
ion5

AnsC
184._
___
___doesnotr
eal
lycont
ri
but
ecapi
taltothebusi
nessbutonl
yconsent
stohi
sname
bei
ngusedasoneofthepar
tner
sint
hebusiness.

A.Dor
mantpar
tner

B.Nomi
nal
par
tner

C.Sl
eepi
ngpar
tner

D.Li
mit
edpar
tner

AnsB

185.Sect
ion13(
1)oft
hepar
tner
shi
pAct
,1962deal
swi
th_
___
__

A.Er
rororomi
ssi
on

B.Annual
renewal
ofr
egi
str
ati
on

C.Publ
i
cit
y

D.Regi
str
ati
onofchar
ges

AnsC

186.Anypar
tnerwhomakesactual
paymentoradvancebeyondtheamountofcapi
tal
whichhe
hasagreedt
osubscri
be,f
orthepur
poseoft
hefir
m, shal
lbeenti
tl
edtoi
nter
estatarateof
___
___f
rom t
hedateofpayment.

A.5%perannum

B.7%perannum

C.10%perannum

D.12%perannum

AnsA

187.Whi
choft
hef
oll
owi
ngshal
lanassi
gneebeent
it
led?

A.Tor
equi
reanyaccount
soft
hef
ir
m'st
ransact
ion
B.Toinspectt
hepar
tner
shi
pbooksi
nspi
teofanassi
gnmentbyanypar
tnerofhi
sint
eresti
n
thef
ir
m

C.Tor
ecei
vet
heshar
eofpr
ofi
tst
owhi
cht
heassi
gni
ngpar
tnerwoul
dot
her
wisebeent
it
led

D.Toi
nter
fer
eint
hemanagementoradmi
nist
rat
ionoft
hef
ir
m

AnsC

188.Whi
choft
hef
oll
owi
ngi
str
uewhent
heassi
gni
ngpar
tnerceasest
obeapar
tneri
nthef
ir
m?

A.Theassi
gneeshal
lbeenti
tl
edtoreceiv
etheamountwhichtheassi
gni
ngpar
tnerwoul
dbe
ent
it
ledtor
ecei
veasbetweenhimselfandtheot
herpar
tners.

B.Theassignorshal
l accountt
othefi
rmf
rom t
hedateofhi
sceasi
ngt
obeapar
tnerf
ort
he
purposesofascert
ainingtheamountt
obepai
dtotheassi
gnee.

C.Bot
hAandB

D.Noneoft
heabov
e

AnsC

189.Sect
ion39(
1)oft
hePar
tner
shi
pAct
,1962pr
ovi
dest
hatapar
tnershal
lceaset
obea
part
nerby:

A.Deat
h

B.Bei
nganal
i
enenemydur
ingt
imeofwar

C.I
nsol
vencyor
derbei
ngmadeagai
nsthi
m

D.Anyoft
heabov
e

AnsD

190.Af
ir
m maybewoundundert
heor
derofaCour
tont
heappl
i
cat
ionof
;

A.Anypar
tneroft
hef
ir
m

B.Anyf
ormerpar
tnerwhohasnotbeenpai
dtheamountduei
nrespectofhi
sint
eresti
nthe
fi
rm
C.TheRegi
str
ar

D.Anyoft
heabov
e

AnsD

191.I
fthef
ir
m carr
iesonbusi
nessf
ormor ethan____
___wi
thf
ewert
hant
wopar
tner
s,t
he
busi
nesswouldbewoundupunderthecourtorder
.

A.1mont
h

B.3mont
hs

C.6mont
hs

D.8mont
hs

AnsC

192.All
thepower
sandaut
hor
it
yofthe_
___
___
_shal
lceaseandshal
lvesti
nthe_
___
___as
fr
om thedat
eofthewi
ndi
nguporder
.

A.Li
qui
dat
or;
Par
tner
s

B.Of
fi
cial
Trust
ee;
Par
tner
s

C.Par
tner
s;Li
qui
dat
or

D.Anyoft
heabov
e

AnsC

193.Withi
ntwentyonedaysfr
om theexpi
rat
ionofsi
xmonthsf
rom t
hecommencementoft he
windi
ngup, t
hepartner
sshal
lsendtothe___
____
_astat
ementi
ntheprescr
ibedf
orm st
ati
ng
whetherornotal
lthedebt
softhefir
m hav
ebeenpaidinful
l
.

A.Regi
str
ar

B.Cour
t

C.Boar
dofDi
rect
ors

D.Chai
rman
AnsA

194.Anot
if
icat
iont
hataf
ir
misbei
ngwoundupi
sst
atedi
n__
___
__oft
hePar
tner
shi
pAct
,1962

A.Sect
ion45

B.Sect
ion47

C.Sect
ion49

D.Sect
ion51

AnsC

195.I
nset
tl
ingamount
sduet
opar
tner
s,f
ir
stl
ylossesshal
lbepai
dfi
rstoutof_
___
___

A.Capi
tal

B.Pr
ofi
t

C.Per
sonal
asset
s

D.Anyoft
heabov
e

AnsB

196.WhentheRegi
str
arstr
ikesthefi
rm of
ftheregi
steruponr
ecei
vi
ngi
nfor
mat
iont
hatt
hef
ir
m
i
snotcarr
yingonbusi
ness,thi
sister
medas_ __
_ __
_

A.Di
ssol
uti
onofmor
ibundf
ir
m

B.Di
ssol
uti
onofdef
aul
ti
ngf
ir
m

C.Di
ssol
uti
onoff
ir
m

D.Di
ssol
uti
onofpar
tner
shi
p

AnsA

197.TheRegi
str
armaystr
ikeafi
rm offtheregi
sterifthebusi
nessofthefi
rmi
sunl
awf
ulort
he
fi
rmisbei
ngoperat
edforanyi
ll
egalpurpose.Thi
si srefer
redt
oas_ __
_ _
_.
A.Di
ssol
uti
onofmor
ibundf
ir
m

B.Di
ssol
uti
onofdef
aul
ti
ngf
ir
m

C.Di
ssol
uti
onoff
ir
m

D.Di
ssol
uti
onofpar
tner
shi
p

AnsB

198.Thewi
ll
ingnesst
owor
ktoget
heri
sthemosti
mpor
tantel
ementi
npar
tner
shi
pandt
hisi
s
basedon__
__ _
_

A.Mut
ual
trustandconf
idence

B.Di
sci
pli
neandsoundmi
nd

C.I
ndependenceandt
rust

D.Fi
nanci
alr
esour
ces

AnsA

199.Oncethemainf
oundati
onsoft
hepar
tner
shi
par
egonei
tisonl
yjustandequi
tabl
ethatt
he
courtshoul
ddecr
ee___
____
____
.

A.Di
ssol
uti
onoft
hepar
tner
shi
p

B.Di
ssol
uti
onoft
hef
ir
m

C.Bot
hAandB

D.Noneoft
heabov
e

AnsA

200.Foracompanyl
i
mit
edbyguar
ant
eet
hepr
ovi
sionsoft
he_
___
___
_shal
lappl
y.

A.Fi
rstschedul
e

B.Secondschedul
e

C.Thi
rdschedul
e
D.Four
thschedul
e

AnsD

Cr
eat
edby
:

Er
ic