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CHAPTER 2 COMPANY LAW

Total questions: 10

Worksheet time: 5mins

Name
Class
Date
1.

Which of the following is FALSE statement?

a)

Company can sue and sued by its own name

b)

Liability of members up to company's debt

c)

Company is perpetual succession

d)

Company can acquire, own and dispose property

2.

Company was governed by _______________

a)

Company Act 1965

b)

Company Act 1956

c)

Company Act 2015

d)

Company Act 2016

3.

Which case define separate legal entity concept

a)

Salomon v Salomon & Co Ltd

b)

Gilford Motor V Horne

c)

Jones V Lipman

d)

Continental Tyre Ltd V Daimler

4.

The following is NOT TRUE about Private Company

a)

Cannot invite public to subscribe share

b)

2-50 members

c)

Can invite public to subscribe share

d)

Anual General Meetiing is an option

5.

Which of the following NOT the requirement needed for registration of company.

a)

Nature of business

b)

Proposed registered address

c)

Status of private or public company

d)

Home address

6.

Separate legal entities are also known as______________________________ 

a)

Members of company will be liable for mismanagement of company

b)

Members of company and the company are both liable for mismanagement of company. 

c)

The company and members of company are legally separated from one           another.

d)

Director will solely be liable for mismanagement of the company

7.

Which of the following case describe company has continuity of life?

a)

Foss V Harbottle

b)

Re Noel Tedmen Holding Ltd

c)

Gilford Motor V Horne

d)

Jones V Lipman

8.

Director of company shall be liable to pay the company's worker EPF if the Company does not make any payment

a)

True

b)

False

9.

Mere sham is one of the factor that court will lift up the corporate veil to look into the wrongdoer behind the case

a)

True

b)

False

10.

Company should ENFORCE transaction even with company character during the war. Even the government policy against doing business with enemy company.

a)

True

b)

False