18164378
Description
Quiz by adriana calles, updated more than 1 year ago
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Created by adriana calles
over 5 years ago
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Question 1
Question
Do shares represent the holder's ownership of the company's assets?
Answer
- True
- False
Question 2
Question
We can identify 3 functions for shares:
Answer
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Fraction of the legal capital of the company
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Represent company's property
-
Measure investor's interest
-
Being a type of property
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Enjoyment of rights and interest of directors
Question 3
Question
To ha allotted shares we need to do the following:
Answer
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register the name of the investor in the company's register of members
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contract between company and investors to sell shares
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shareholder acquires the legal title to the share
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the investor acquired the right to be included in the company's register
Question 4
Question
what is the nominal capital?
Answer
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The actual monetary value of your share
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The maximum amount of shares the company can rise without formalities
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The value of the shares alloted by the company without premium
Question 5
Question
Could a company issue a share at a discount? (Ooregum Gold Mining)
Answer
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Yes
-
No
Question 6
Question
Exception where rescission CAN'T be applied (Oakes): mark 3
Answer
-
Parties cannot be restored to their original position
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The contract has been affirmed
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Directors' interests are at stake and will be affected
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The allottee waited too long after discovering the misrepresentation
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An order of a re-selling has been made
Question 7
Question
Ordinary shares don't entitle you to vote. Only Preference shares.
Answer
- True
- False
Question 8
Question
Members who hold at least X % of the shares of the class being varied have the right to object within 21 days
Answer
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5%
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10%
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15%
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20%
Question 9
Question
If you are a member but you aren't attached to any class right. The rights and benefits conferred to the individual as a member but not attached to any particular class of shares qualify as class rights.
Answer
- True
- False
Question 10
Question
(Greenhalgh v Arderne Cinemas) subdividing a share, meaning that the owners will have more voting power is:
Answer
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An alteration of class right
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An alteration of enjoyment of rights
Question 11
Question
If a genuine share certificate happens to be an erroneous statement, it's not enforceable (San Francisco)
Answer
- True
- False
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