Business Law and Practice

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Decks in this class (57)

Legal Forms of Business
Which of the following business m...,
What is the main advantage of a l...,
Which business model is not a sep...
10  cards
Tax Treatment of Different Business Models
How are sole traders taxed on the...,
Which business structure is consi...,
What tax applies to a company s p...
10  cards
Private and Public Companies
What is the main difference betwe...,
What is the minimum share capital...,
Which of the following is not a r...
10  cards
Legal Personality and Limited Liability
What is the key feature of separa...,
When does a company acquire separ...,
What does limited liability mean ...
10  cards
Core Principles of Contract Law
Which of the following is not a r...,
In contract law what is considera...,
Which of the following is true re...
10  cards
Traditional Partnerships
Which legislation governs traditi...,
Which of the following is not a c...,
What is the minimum number of par...
10  cards
The Partnership Agreement
Under the partnership act 1890 wh...,
Which of the following cannot be ...,
What happens if a partner retires...
10  cards
Limited Liability Partnerships
What is the key advantage of an l...,
Which legislation primarily gover...,
How many members are required to ...
20  cards
The Company's Constitution
What is the main constitutional d...,
Which of the following best descr...,
What happens if a company does no...
8  cards
Formation of a Company
What happens when a company is in...,
What is required to incorporate a...,
Which of the following is true ab...
8  cards
Company Decision Making
How do directors make decisions i...,
What is the voting threshold for ...,
What type of resolution is requir...
10  cards
Company Meetings
Under the model articles who can ...,
How much notice must be given for...,
In a general meeting how is a pol...
12  cards
Key Sections of CA2006 and Model Articles (For Private Companies Limited by Shares)
A client is incorporating a priva...,
Xyz ltd wants to appoint a new di...,
Which of the following applies 3
13  cards
The Role of Directors
What is the main responsibility o...,
What is the legal minimum number ...,
Which of the following is not a t...
14  cards
Appointment and Removal of Directors
Who is responsible for appointing...,
What is the minimum number of dir...,
What document must be kept at a c...
10  cards
Duties and Responsibilities of Directors
What is the primary responsibilit...,
Under s 171 ca 2006 which of the ...,
A director is considering whether...
22  cards
Directors’ Long Term Service Contracts
Under s188 ca 2006 shareholder ap...,
What is the consequence of failin...,
Which of the following is not an ...
11  cards
Substantial Property Transactions
Under s 190 ca 2006 which of the ...,
Which of the following statements...,
Which of the following is not con...
10  cards
Loans and Related Transactions with Directors
Under ca 2006 which of the follow...,
What is the key difference betwee...,
What is the effect of a company f...
12  cards
The Rights and Remedies of Shareholder
Which section of the companies ac...,
Which of the following rights is ...,
What is the usual remedy for brea...
12  cards
The Removal of Directors
Under s168 ca 2006 how can shareh...,
If the board ignores a valid s303...,
What type of notice must sharehol...
10  cards
Derivative Claims
What is the nature of a derivativ...,
Under s260 ca 2006 which of the f...,
Amy a shareholder in xyz ltd disc...
10  cards
Unfair Prejudice and Just and Equitable Winding Up
What is the most common remedy gr...,
Which of the following would most...,
Under s994 ca 2006 who brings the...
10  cards
Introduction to Shares
What is the nominal value of a sh...,
Which type of share typically car...,
What document sets out the rights...
12  cards
Allotment, Transfer and Transmission of Shares
Which of the following best descr...,
What is the minimum nominal value...,
What happens when a shareholder d...
10  cards
The Procedure for Allotment of Shares
Which type of company automatical...,
When do directors have automatic ...,
A company plans to issue shares t...
10  cards
Financial Assistance
What is the purpose of financial ...,
Under s678 ca 2006 who is prohibi...,
Which of the following is not fin...
12  cards
Buyback of Shares
What is the principle of maintena...,
Which of the following is not a p...,
What kind of resolution is requir...
12  cards
Introduction to Taxation – General Principles
Which of the following is a direc...,
Which tax is calculated based on ...,
Alex sells a delivery van that hi...
10  cards
Income Tax
When must an individual complete ...,
Which is an example of a non savi...,
Maya earns 55 000 in salary and 3...
10  cards
Capital Gains Tax
What triggers a capital gains tax...,
What is the annual cgt exemption ...,
Which of the following is not sub...
10  cards
Inheritance Tax – The Business Relief Exemption
What is the minimum ownership per...,
At what percentage rate is busine...,
Jasmine dies owning business prem...
12  cards
Introduction to Value Added Tax
What is the current standard rate...,
Which type of vat supply allows r...,
At what turnover threshold must a...
12  cards
Introduction to Corporation Tax
What is corporation tax charged on 1,
What is the ttp for corporation t...,
What is the corporation tax rate ...
12  cards
Introduction to Close Companies
What defines a close company 1,
Which of the following would be t...,
What happens if a loan made by a ...
11  cards
Double Entry Book-Keeping, Ledgers and the Trial Balance
Which of the following best descr...,
A business pays 1 200 for office ...,
Which of the following is an exam...
8  cards
Profit & Loss Account
What is the primary purpose of a ...,
Which of the following would not ...,
A business has the following entr...
8  cards
Balance Sheet
What is the main purpose of a bal...,
Which of the following would appe...,
A business owns a delivery van or...
8  cards
Year-End Adjustments: Depreciation
What is the main reason businesse...,
Where does the depreciation charg...,
A business buys office equipment ...
8  cards
Year-End Adjustments: Accruals and Prepayments
What is the main reason for makin...,
Devon limited pays twenty four th...,
How is a prepayment shown in the ...
8  cards
Year-End Adjustments: Bad and Doubtful Debts
Which of the following best descr...,
What is the correct accounting tr...,
Panache ltd has 10 000 in receiva...
8  cards
Partnership Accounts
What is the main purpose of the p...,
Angela and thomas are partners th...,
What kind of account is a partner...
8  cards
Introduction to Company Accounts
What is the primary reason compan...,
Which of the following appears in...,
Xyz ltd has a year end date of 30...
8  cards
Share Capital and Reserves
What does called up share capital...,
Which of the following is a capit...,
A company issues 100 000 shares w...
8  cards
Dividends
Which of the following correctly ...,
What are dividends paid out of 2,
A company s accounting year ends ...
8  cards
Debt Finance
What is a key feature of a term l...,
Which of the following is not a t...,
Alpha ltd issues 100 000 ordinary...
8  cards
Security
What is a fixed charge 1,
A bank takes security over a comp...,
Which of the following is true ab...
8  cards
Effect of Equity and Debt Finance on the Balance Sheet
Which of the following effects do...,
Xyz ltd issues 1 000 1 shares at ...,
Which part of the balance sheet i...
9  cards
Introduction to Corporate Insolvency
What is the key statutory definit...,
Which of the following is a recog...,
A company is unable to pay staff ...
8  cards
Formal and Informal Arrangements
What is the key advantage of a co...,
What does a pre insolvency morato...,
Which of the following statements...
8  cards
Administration and Receivership
What is the primary statutory obj...,
Which party is not entitled to ap...,
What happens to a winding up peti...
10  cards
Liquidation
What happens to a company s direc...,
Which test is used to assess if a...,
In a creditors voluntary liquidat...
10  cards
The Statutory Order of Priorities
What is the first payment made fr...,
Who gets paid last in the statuto...,
What is the maximum prescribed pa...
10  cards
Personal Insolvency
What is the minimum debt required...,
How long does a bankruptcy typica...,
What percentage of creditors by v...
10  cards
Fraudulent Trading
What must be proven for a civil c...,
Which of the following parties ca...,
Under the criminal offence of fra...
10  cards
Wrongful Trading
What is the primary purpose of th...,
Who can bring a claim for wrongfu...,
What is the key difference betwee...
12  cards
Avoidable Transactions
What is the statutory time limit ...,
To successfully establish a prefe...,
Which of the following is a valid...
12  cards

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Business Law and Practice

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