AUE1601 ASS1 FOR SEMESTER 1 FOR 2021
Prepared by MR BLESSING K.
Contact details :074 252 3282
Email address:
1. 1 If the company in whose name the pre-incorporation contract has been entered is not
subsequently incorporated, the company will remain liable for any liabilities as a result of the
pre-incorporation contract.
2. 4 Makes submissions to the board on any matter concerning accounting policies, financial
control, records, and reporting of the company.
3. 3 If there is more than one class of shares, the memorandum of incorporation must provide that
all classes must have voting rights in respect of all voting matters.
4. 1 Albert Einstein is not liable for the rental agreement if Science Limited is never incorporated.
5. 3 Turnover; beneficial interest holders (e.g. shareholders); average number of employees; third-
party liabilities.
6. 4 Mr Parker can be part of the meeting and can take part in the vote on his removal as a
director. .
7. 4 All of the above situations might constitute reckless trading.
8. 4 None of these statements is true
9. 2 Six directors.
10. 1 True
11. 3 The shareholders’ meeting of Mentalist Ltd, held on 30 June 2020, was conducted successfully.
As per the minutes of the meeting, a voting quorum of persons holding 30% of all the voting
rights entitled to be exercised in respect of at least one matter, was present.
12. 1 Examples a, b, c and d.
MR BLESSING K . 074 252 3282 or 074 252 3282
Prepared by MR BLESSING K.
Contact details :074 252 3282
Email address:
1. 1 If the company in whose name the pre-incorporation contract has been entered is not
subsequently incorporated, the company will remain liable for any liabilities as a result of the
pre-incorporation contract.
2. 4 Makes submissions to the board on any matter concerning accounting policies, financial
control, records, and reporting of the company.
3. 3 If there is more than one class of shares, the memorandum of incorporation must provide that
all classes must have voting rights in respect of all voting matters.
4. 1 Albert Einstein is not liable for the rental agreement if Science Limited is never incorporated.
5. 3 Turnover; beneficial interest holders (e.g. shareholders); average number of employees; third-
party liabilities.
6. 4 Mr Parker can be part of the meeting and can take part in the vote on his removal as a
director. .
7. 4 All of the above situations might constitute reckless trading.
8. 4 None of these statements is true
9. 2 Six directors.
10. 1 True
11. 3 The shareholders’ meeting of Mentalist Ltd, held on 30 June 2020, was conducted successfully.
As per the minutes of the meeting, a voting quorum of persons holding 30% of all the voting
rights entitled to be exercised in respect of at least one matter, was present.
12. 1 Examples a, b, c and d.
MR BLESSING K . 074 252 3282 or 074 252 3282
