What is a key characteristic of a limited company as depicted in the image?
COMPANY LAW

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Business
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University
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Medium

Keisha Muhangi
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20 questions
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1.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Unlimited liability
Sole proprietorship
Separate legal entity
Partnership
2.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
Which of the following is NOT a characteristic of limited companies?
Unlimited liability for directors
Perpetual succession
Ownership of property
Directors as agents
3.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the minimum number of directors required for a public limited company (plc)?
1 director
2 directors
3 directors
4 directors
4.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
According to the Companies Act 2006, what suffix must a public limited company use in its name?
Inc
LLC
plc
Ltd
5.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What does section 53 of the Companies Act 2006 state about company names?
They must be unique
They cannot be offensive or constitute an offence
They must include the owner's name
They must be in English
6.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
According to s.7 CA 2006, what is required for someone to subscribe their name to the Memorandum of Association?
At least two people agreeing to form a company
A single person with a business plan
One or more persons subscribing their names
A government official's approval
7.
MULTIPLE CHOICE QUESTION
20 sec • 1 pt
What is the fee for registering a company online under s.7 CA 2006?
£12
£40
£50
£30
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