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1. Give a detailed analysis of TWO (2) types of business formations by critiquing FOUR (4) main characteristics of each. 2. With the use of

1. Give a detailed analysis of TWO (2) types of business formations by critiquing FOUR (4) main characteristics of each.

2. With the use of cases and/or examples, explain the following terms as used in company law:

i. Fixed charges

ii. Preference shares

iii. Registration of charges

iv. No par value

v. Capital maintenance

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