1.It is easier for someone to start operating as a sole trader rather than as a limited company

2.There are differences in how tax is assessed according to the form of trading organisation chosen e.g. limited companies, partnerships, and sole traders.

3.Liability between partners for wrongdoings is restricted to business activities

4.A partner in a firm which gives negligent advice may be personally liable for the consequences

5.A limited company has a separate legal identity from its owners and directors

6.Partners in firms typically take out professional indemnity insurance policies against the risk of giving negligent advice known as D&O [directors & officers] insurance

7.Professional indemnity insurance cover partners against bad business decisions

8.In law, anything attached to the land is part of the land itself e.g. a fence post driven into the ground

9.The government guarantees good title to land bought under the Torrens system absent fraud

10.The owner of land under the Torrens system is whoever is named as owner on the Register in theLand Registry Office and title transfers from vendor to buyer when the Register is altered

11.If land under the Torrens system is sold, it has a new owner when the Register is altered, not earlierwhen the purchase price is paid to the existing owner

12.Unless someone can show good title to land in New Zealand it must be owned by the Crown

13.In 1840 Mori had similar understanding of land ownership to the English system

14.The English in 1840 saw land as property which could be bought and sold owned by individualswhereas Mori thought land was in their communal care to pass onto to future generations

15.The Torrens system of land ownership developed from a combination of a ship registration system,the old English customary practice of copyhold, and a Roman-Dutch system of land transfer

16.In thedeed system of land ownership the deed document itself shows ownership of land

17.In the Torrens system of land ownership the Register at the Registry Office shown ownership

18.If Mori land was held communally under the care of Iwi in 1840, then a difficulty of the validity of itssale and purchase was who in the iwi exactly had the necessary authority to sell it

19.An iwi was the largest political entity in pre-Treaty of Waitangi times and it typically comprisedseveral related hap which consist of family groupings or whanau

20.Because early Mori lacked writing being an oral society, when they discussed the Treaty documentbefore deciding whether to sign it, it is reasonable to assume they believed the writing confirmed

21.The Treaty was written in both Mori and English with identical meanings of the two versions

22.The Treaty was short, to the point and a model of clarity with no alternative meanings possible

23.If certain criteria are present in a negotiation then a contract may have come into existence which will create obligations on the negotiating parties which are enforceable in court

25.To determine in court whether there was an 'intention to create legal relations' between negotiatingparties the court has to decide what the actual intention of the parties was, a subjective test

• Please help me decide whether these are true or false