Copy and Edit

Corporate Law

Description

Theory test Litigation Quiz on Corporate Law, created by Kristina Torry on 09/11/2015.
Kristina Torry
Quiz by Kristina Torry, updated more than 1 year ago
Kristina Torry
Created by Kristina Torry about 9 years ago
13
0
0

Resource summary

Question 1

Question
The Client is always the incorporator
Answer
  • True
  • False

Question 2

Question
The organization process involves the preparation of the [blank_start]records book[blank_end], [blank_start]resolutions[blank_end], and [blank_start]registers[blank_end]
Answer
  • records book
  • resolutions
  • registers

Question 3

Question
All documents must be dated effective at the incorporation date
Answer
  • True
  • False

Question 4

Question
Resolutions are a [blank_start]formal[blank_end] way to make [blank_start]decisions[blank_end]
Answer
  • formal
  • decisions

Question 5

Question
Resolutions MUST include the following:
Answer
  • Company name, date, signatures, RESOLVED THAT
  • Company name, headings, page numbers, signatures
  • RESOLVED THAT, signatures, headings

Question 6

Question
What are the two types of resolutions?
Answer
  • Directors' and Incorporators' resolutions
  • Directors and Officers resolutions
  • Directors and Shareholders resolutions
  • Shareholders and Company resolutions

Question 7

Question
Directors have the authority to allot shares to shareholders
Answer
  • True
  • False

Question 8

Question
Shareholders resolve to appoint the bank
Answer
  • True
  • False

Question 9

Question
Directors set the financial year end
Answer
  • True
  • False

Question 10

Question
Incorporators issue share certificates
Answer
  • True
  • False

Question 11

Question
Incorporation Documents can be approved and adopted at any time by the shareholders
Answer
  • True
  • False

Question 12

Question
Shareholders have the authority to appoint directors
Answer
  • True
  • False

Question 13

Question
Shareholders resolve to waive the appointment of an auditor
Answer
  • True
  • False

Question 14

Question
Directors can limit inspection of Records
Answer
  • True
  • False

Question 15

Question
A records book is also known as a [blank_start]minute book[blank_end]
Answer
  • minute book

Question 16

Question
the records book contains records from [blank_start]incorporation to dissolution[blank_end]
Answer
  • incorporation to dissolution

Question 17

Question
correspondences are included in the records book
Answer
  • True
  • False

Question 18

Question
The records book is necessary for three reasons: 1. [blank_start]memory of the company[blank_end] 2. [blank_start]unlimited lifespan[blank_end] 3. [blank_start]back up[blank_end] for documents at the registry
Answer
  • memory of the company
  • unlimited lifespan
  • back up

Question 19

Question
the records must be kept in paper form
Answer
  • True
  • False

Question 20

Question
Current directors can inspect all records under Table 1 (unamended)
Answer
  • True
  • False

Question 21

Question
Former directors can inspect all records
Answer
  • True
  • False

Question 22

Question
Shareholders can inspect all records except:
Answer
  • they can inspect all records
  • directors minutes, resolutions, disclosures, and dissents
  • registers
  • Directors' registers, resolutions, and dissents

Question 23

Question
The records book must be organized with coloured tabs to indicate separate sections
Answer
  • True
  • False

Question 24

Question
all documents must be date/time stamped
Answer
  • True
  • False

Question 25

Question
Where do most firms stamp a document?
Answer
  • top right
  • top left or back of document
  • top or bottom centre
  • bottom right or back of document

Question 26

Question
what should you do if an envelope is delivered to your desk with not date/time stamp? What date/time should you use
Answer
  • estimate when it would have arrived at reception
  • date/time you received it
  • Don't stamp it
  • ask reception when it was received

Question 27

Question
When must the Annual Report be filed?
Answer
  • within 2 months after the company's anniversary
  • 2 months before the Company's anniversary
  • on the company's anniversary

Question 28

Question
How many years in a row can a company neglect to file an Annual Report before it is dissolved?
Answer
  • 3 years
  • 2 years
  • 1 year; it has to be filed every year
  • 4 years

Question 29

Question
the Annual Report is electronically filed
Answer
  • True
  • False

Question 30

Question
an AGM is an [blank_start]Annual General Meeting[blank_end]
Answer
  • Annual General Meeting

Question 31

Question
Time Limit for the first AGM is [blank_start]18 months[blank_end] after incorporation
Answer
  • 18 months

Question 32

Question
the AGM should take place within [blank_start]15 months[blank_end] of the last annual [blank_start]reference date[blank_end]
Answer
  • 15 months
  • reference date

Question 33

Question
Alternatives to holding an AGM (for private companies) are: 1) [blank_start]resolutions[blank_end] in [blank_start]lieu[blank_end] of AGM 2) [blank_start]Defer[blank_end] to a [blank_start]later date[blank_end] 3) [blank_start]Waive[blank_end] the AGM for that year
Answer
  • resolutions
  • lieu
  • Defer
  • later date
  • Waive

Question 34

Question
The AGM is for Directors
Answer
  • True
  • False

Question 35

Question
What business is transacted at an AGM? 1) Approval of [blank_start]financial statements[blank_end] 2) appointment of/[blank_start]waiver of auditors[blank_end] 3) approval of [blank_start]directors' actions[blank_end] 4) election of [blank_start]directors[blank_end] (if applicable)
Answer
  • financial statements
  • waiver of auditors
  • directors' actions
  • directors

Question 36

Question
Only Shareholders have the power to limit hours of records inspection
Answer
  • True
  • False
Show full summary Hide full summary

Want to create your own Quizzes for free with GoConqr? Learn more.

Similar

Types of Religious Experience
Alice Buchanan
Alternative Dispute Resolution
melissa jackson
Law and Medical Offices
deirdre724
Mandatory Pre-Training
kavita.batra
Sample Quiz
amanda.sirianni
Civil Litigation Quiz (NALA CP/CLE Exam Practice)
Reynolds
Alternative Resolution Dispute
Cece Francis
Corporate Sponsors (LP)
Pam Davis
ארגון
Yulia Ploshevsky
Litigation Flash Cards
Kristina Torry
Affidavit Quiz
djcoda2000
Browse Library