class test

Ti
me–2hour s LawMockExam 2 MM 100mar
ks
Al
lquest
ionsar
ecompul
sor
yandMUSTbeattempted

1.Asagener alrule,acompanycannotr educeitssharecapi
tal.Ther
eareexcepti
onst
o
thi
sgeneralrule.
Whichoft hefollowingwillNOTbecl assedasav ali
dexcept i
ontotherul
eof
reduct
ionofcapi tal
? (
2mar ks)
a.Tor eturncapi t
alinexcessofthecompany ’sneeds.
b.Tor eturnshar epremiumst omember s.
c. Toreduceorcancel l
iabil
i
tiesonPartl
y-
paidshares.
d.Tocancel thepaid-upcapitalt
hatisnolongerrepr
esentedbytheassets.

2. Whichoft
hefol
lowingisNOTacommonl awdut
yofanempl
oyertoanemploy
ee?
(2marks)
a.Topr ovi
desi
ckpay
b.Topr ovi
deasafesystem ofwor
k
c. Toprovi
deworkwheretheemployeei
sanapprent
ice.

3.Whatnoticeper
iodandpercent
ageofv otesarer
equir
edt
opassaspeci
al
resol
uti
on? (
2mar
ks)
a.28day s’not
iceand75%ofvotescast
b.14day s’not
iceand75%ofvotescast
c. 14days’not
iceand75%ofvotesentit
ledtobecast
.
d.28day s’not
iceand75%ofvotesentit
ledtobecast
.

4.Inrel
ationtocompanyl aw,whichtypesofcompanyarerequi
redt
omaintai
na
regi
sterofpeoplewit
hsi gni
fi
cantcontrol
? (2marks)
a.Al lpubli
ccompaniesonly
b.Onl ycompaniesli
stedont heLondonStockExchange.
c. Allpri
vatecompaniesandallpubli
ccompanies.

5.Whichoft hefol
lowingisNOTanexampl eofdelegatedlegisl
ati
on? (
2marks)
a.By e-l
awmadebyl ocalauthori
ti
es.
b. Assessmentr egulati
onsissuedbyuni
versi
ti
es.
c. Regulati
onsgoverningtheconductofsol
ici
torsestabl
ishedandenf
orcedbyt
he
soli
cit
orsregul
atoryauthori
ty.
d.Or dersincouncil
.

6.Int
het ortofpassingof f
, whi
chTWOoft hefoll
owi ngstatement saret r
ue?
(
2mar ks)
a.Ther emedyf orpassingoffi
spr imar
il
yaninjunct i
on.
b.Ther emustbeal ikel
ihoodthatmember softhepubl icwouldbemi sl
edinto
beli
evingthattheyarebuy i
ngthegoodsordeal ingwi t
ht heclai
mant ’
sbusiness.
c. Thetor t
iousactmustbesi gnif
icantandon-goingi norderfortheclaimantto
succeed.
d.Thedef endantwillbeabletoraiseadefenceint heeventthattherewasno

, i
ntent
iont
opassofft
hegoodsorbusinessasthoseoft
hecl
aimant
.
7.Whi
chofthefol
l
owingdescr
ibesacont
ractwhichmaybesetasi
debyeit
herparty
?
(
2mar ks)
a.Voi
d
b.Voi
dable
c.Unenf
orceabl
e

8.Whichoft hefol
lowi
ngstatementsapplyt
oacr edi
tors’vol
untaryl
iqui
dat
ion
ofapubli
ccompany ? (2mar ks)
a.Theli
qui dati
oncommencesont hepassingofaspecialresol
uti
on
b.Adecl arat
ionofsol
vencymustbemadebyt hedir
ectors
c.Itmaybeusedt owindupasolventcompanyifthecredi
torsagree.
d.Themember shavethefinal
sayonthechoiceofli
quidatortobe
appointed

9.Braelynwr otetoJairst at
ingthatshewaswi l
li
ngt osellhercar av anf or
$10,000, Payabl
eimmedi atel
y .Jai
rrepl
iedinwr i
ting.Hest atedt hathe
acceptedBr aelyn’
sof ferbutthathewoul dpayf orthecarav ani nt wo
i
nstalment sof$5,000.
Hasabi ndingcontractbeenf ormedbet weenJai randBr aelyn,andf orwhat
reason? (2mar ks)
a.No, becauseBr aelyn’slet
tertoJairwaspur elyaninvit
at i
ont ot reat
b.Yes, becauseJai racceptedBr ael
yn’
sof f
erinwr iti
ng.
c.No, becauseJai rmadeacount er
-of
fer.
d.Yes, becauseJai ragreedtopay$10, 000int otal
.

10.
Int
hecontextofthelawofcont ract,whi
chTWOoft hefol
lowi
ngst
atement
s
inr
elat
iontoconsider
ationarecor r
ect? (2mar ks)
a.I tmustbeadequat ebutneednotbesuff
ici
ent.
b.I tmustrepr
esentaf ai
rmar ketpri
ce.
c.I tmustbesuffi
cientbutneednotbeadequate.
d.I tmusthavesomei denti
fi
ablev al
ue.

11.
Arethefol
lowingst atementsregar
dingthei mpactoft
heEur opean
Conventi
ononHumanRi ght
s(theconvention)tr
ueorfal
se?(2marks)
True Fal
se
a.Parli
amentmaycont i
nuewithaBillt
hatisincompati
ble
Wit
htheconv ention.
b.Thecour t
smayst r
ikeoutpri
marylegi
slati
onthati
scontrary
Totheconvention.