7. A company incorporated on 1 March 2022 came into legal existence:

a. at midnight on 1 March 2022

b. at the beginning of 1 March 2022

c. at the beginning of 2 March 2022

d. 7 days after 1 March 2022

8. The shareholders of a company limited by shares own:

a. all the assets of the company

b. all the assets of the company, but not the debts

c. all the assets of the company and all their shares in the company

d. only their shares in the company

9. A company incorporated outside Australia (e.g. USA, Europe, India, etc):

a. cannot be registered in Australia to carry on business in Australia

b. can be registered in Australia as a foreign company to carry on its business

c. can carry on business in Australia without any Australian registration

d. can be registered in Australia, but only with the permission of the Australian

Government

10. When entering into a written contract, a company having a Common Seal (e.g. a rubber stamp)

for the purposes of signing a contract:

a. must affix its Common Seal in accordance with the requirements of the Stock Exchange

b. may affix its Common Seal in accordance with the companys Constitution

c.must affix its Common Seal with the written approval of the other party

d.may affix its Common Seal with the written approval all of the companys creditors

11. The Constitution/Rules of a Company:

a. must include all the replaceable rules contained in the Corporations Act 2001 (the Act)

b. must not include any of the replaceable rules contained in the Act

c.may include some of the replaceable rules contained in the Act

d. must include at least six replaceable rules contained in the Act.

12. The Constitution/Rules of a company is also a binding contract between:

a. the members and the creditors of the company

b.the directors and creditors of the company

c.the members and each other member of the company

d.the company and each creditor of the company

choose a,b,c,d only (no need explain)