Module 15 - Shares, Share Capital And Maintaining Capital Flashcards
1
Q
Re Bede Shipping Co
A
Refuse share transactions in private company if in company’s interest
2
Q
Re Hackney Pavillion
A
If 50:50 acceptance happens
3
Q
Curtis V JJ Curtis & co
A
Shareholders should be offered before outsiders
Restriction of preemption
4
Q
Ooregun Goldmining V Roper
A
No shareholder discount
5
Q
Re Eddystone Marine Insurance
A
Liquidator required as £6000 due as no consideration
6
Q
Flitcroft’s Case
A
Dividends reduced in fraudulent accounts
Director liable for wrongful payments
7
Q
Greenhalgh V arderne Cinema
A
Subdivision of shares in articles, allowed more voting rights
8
Q
White V Bristol Aeroplane co
A
New share issues must equal existing share rights in same class
