23. Germain pic is in the process of flotation on the London Stock Exchange with a new issue of shares via an offer for sale. German pic has engaged three advisers for the flotation in addition to the companys solicitor and accountant:

Sandman and Partners are recording ownership of the shares when issued

* Starke & Co is advising on market conditions and likely demand for the shares

Dyes pie is pricing and underwriting the issue

What roles are being played in the flotation by the three advise

A. Sandman and Partners: sponsor; Starke & Co: registrar; Dyles pic: corporate broker

B. Sandman and Partners: registrar; Starke & Co: sponsor; Dyles pic: corporate broker

C. Sandman and Partners: registrar; Starke & Co: corporate broker; Dyles pic: sponsor

D. Sandman and Partners: corporate broker; Starke & Co: sponsor; Dyles plc: registrar

24. Lid has banked with His Bank for many years. One of the loans that the bank has advanced is secured by a charge over Ona Ltd s assets

Which of the following comprises the legal relationship between Orla Lid and Hibs Bank in respect of this secured ban?

A. Bailor/bailee

B. Principal/'agent

C. Mortgagor/mortgagee

D. Joint venture