Question practice Flashcards
Unless otherwise stated under UNCISG where does risk to goods pass from Weller to buyer in contract where carriage is included
when goods are passed to first carrier
t/f an auditor who is responsible for an auditors report containing materially false or misleading information commutes an offence under CA 2006 and is punishable by a fine and or imprisonment
Flase
Limitation period for tortious acts
six years
limitation for tortious personal injury
three years
By absence of express provision in articles, how are class rights varied
special resolution of relevant class
Do the following constitute valid payment for shares
Cash
Goodwill
Goods or property
yes
Timescale for payment of shares for redemption of redeemable shares
5-7 weeks
What is a quorum
minimum number of persons required to be at a general meeting (usually 2 membrers proxies or representatives)
Ordinary resolution required majority of votes cast
more than 50%
Special resolution required majority of votes cassed
more than or equal to 75%
What resolution for
change of name
special
what resolution for alteration of articles
special
what resolution for reduction of share capital
special
what resolution for winding up of company
special
when can written resolution not be used
public companies
private - removal of director or auditor
notice required for general meetings
14 days
Notice required for public company agm
21
how long is special notice of a meeting
28 days
when must special notice be given
to remove auditor
to remove director or appoint substitute on their removal
When is presumption parties to a commercial agreements are presumed to have intended the arrangements to be legally enforceable rebuttable
with clear precise evidence to the contrary
An advertisement in a newspaper is generally treated asa
invitation to treat
Does the postal rule apply to revocation of an offer?
No - must be communicated to the offeree
Damages for losses sustained are recoverable to the extent that
they are reasonably foreseeable and not too remote
T/F
specific performance can be awarded in cases involving performance of personal services
False