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hi mate could you please finish that paper as soon as possible which i uploaded because i need it as soon as possible that belongs to company and association law. i need good answer as i need many marks to pass it. no plegirism please.
thanks.
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TRIMESTER 1 2020 FINAL EXAMINATION
Name:
Student ID:
SUBJECT NAME:
Company and Associations Law
SUBJECT CODE:
BAC31
TIME ALLOWED:
3 Hours
PERMITTED MATERIALS:
•
This is an Open Book exam.
INSTRUCTIONS FOR STUDENTS:
•
•
•
You do not require a separate answer booklet. Please type your responses in the spaces
provided.
Type your full name and ID at the top of this page.
This examination consists of three parts. Students must answer all questions.
BAC31 A Final Examination Trimester 1 2020
Page 1 of 7
Part A: Multiple Choice: Choose the correct answer and write the letter corresponding
to your chosen answer in the space provided.
(10 marks)
1. Which of the following is incorrect with regard to membership of a company?
a. The directors, officers, employees and shareholders are all members of the company.
b. Shareholders are the members of a company.
c. A party can still be a member of a company without holding a share if their membership
relates to a guarantee company.
d. Membership of a company might be obtained by agreeing to take shares when lodging a
registration to form a company.
[Answer here]
B. The members of a company belongs to those individuals who have purchased the shares of a
firm. Also, directors are members of a company but one must be a shareholders to be appointed to
be appointed a director. Employees are just workers and not members of an entity.
2. Members of a company have the right to inspect the company’s members’ register. Which is
incorrect?
a. Members can inspect the company register in order to gather information for a class action
against the company or a party within the company.
b. Members may wish to inspect the register in order to determine the correctness of their own
details.
c. The register of a company is open to the public, but only member can inspect without paying
a fee.
d. Members can use their right to inspect the company register under s 177(1) (a) to make an
offer to purchase a fellow member’s shares.
[Answer here]
D. The guidelines of purchasing shares from members are not stated on the company's register.
BAC31 A Final Examination Trimester 1 2020
Page 2 of 7
3. What is a statutory derivative action? Which of the following is correct?
a. A statutory derivative action is an action under a statute, e.g. environmental legislation,
whereby a member takes action against their company because the company has breached
a law.
b. A statut...