1.which of the folloeing is not true about separate legal personality?

a) The profits of the company belong to it and not to the members

b) The assets of the company exclusively belong to the company

C)"No one is qualified to act on behalf of the company

d) The state of the company is assesed together with that of its members.

2. In relation to Botswana Company Law which of the following is the odd one out?

a)Public companies(ltd)

b)Private companies (pty)ltd

c)Personal liability companies(inc)

d) Close Companies(CC)

In terms of companies Act of Botswana, the abbreviation, ''SOC'' stands for

a) Suitable offer complete

b)State owned company

c)State owerneship amd control

d) State on control

Which of the following is not true about companies limited by gurantee?

a) Its purpose is not to make profit for its shareholders

b) If the companty is liquadatged, the assests must be transferred to a company with similar purpose

c)It promtes social activities

d)Its shares are freely tranferable