EFFECTS OF INCORPORATION AND LIFTING CORPORATE VEIL

EFFECTS OF INCORPORATION AND LIFTING CORPORATE VEIL

University

20 Qs

quiz-placeholder

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EFFECTS OF INCORPORATION AND LIFTING CORPORATE VEIL

EFFECTS OF INCORPORATION AND LIFTING CORPORATE VEIL

Assessment

Quiz

Social Studies

University

Practice Problem

Medium

Created by

Norzelawati Umar

Used 65+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

45 sec • 1 pt

Which of the following statements reflect the concept of separate legal entity;

the company cannot sue in its own name

the company cannot be sued in its own name

the company can hold land

the company is not liable for its own debts and obligation

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The legal recognition given to the company is provided by section 16 Companies Act 2016.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Body corporate means that the company capable of exercising all functions of incorporated body.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

As a body corporate, the company has an ability to sue and being sued.

TRUE

FALSE

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A corporation is a body corporate.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The first recognition of body corporate is in the case of Salomom v Salomon & Co. Ltd.

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The proper plaintiff rule was established in the case of Lee v Lee’s Air Farming Ltd.

TRUE

FALSE

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