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