【Questions】
12 Which TWO of the following statements apply to a creditors’ voluntary liquidation?
A.A liquidation committee is formed
B.The members’ choice of liquidator will prevail
C.A meeting of members will be called
D.The company will be solvent
14 In contract law, if acceptance is made by means of a letter sent through the post, when is it effective?
A.When the letter is posted
B.When the letter is read
C.When the letter arrives
15 Sophia works for TM Ltd. The board of the company treat her as a director, and hold
her out as such to the outside world, even though she has never been properly appointed.
Which of the following describes Sophia's position as a director?
A.De facto director
B.De jure director
C.Shadow director
D.Alternate director
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