answer all the questions

1. "Veil of incorporation' as decided in the case of Salomon v Salomon & Co Lid means a A. company is separate and independent of the shareholders/members of the corporate body B. company and the shareholders are the same persons C. company and the directors are the same persons D. company and the owners are the same persons 2. According to the principle of Separate Legal Personality, the liability of the shareholders for the company's debts is A. unlimited B. qualified C. limited D. absolute 3. According to the principle of Separate Legal Personality, the liability of the company for its debts is A. unlimited B. qualified C. limited D. absolute 4. A business which goes by the name of 'Salehah Bt Ahmad Trading as Salebah Enterprise' in Malaysia must be a A. - private company B. public company . partnership D. sole trader 5. A business which goes by the name of 'Saleh and Associates' in Malaysia must be a A. private company B. public company C. partnership D. sole trader 6. A business which goes by the name of 'Main Jaya Sdu Bhd' In Malaysia must be a_ A. private company B. public company C. partnership D. sole trader 7. A business which goes by the name of 'Golden Harvest Bhd' in Malaysia must be a A. private company B. public company C. partnership D. sole trader 8. Which of the following is CORRECT in respect of a public company? A. A written constitution is usual but not essential B. Company accounts and other documentation are confidential to the shareholders C. A public company can have unlimited number of members D. It has no separate legal personality of its own 9. Lucy bought 1,000 shares in a private company, paying the nominal value of RM1 per share. The company has issued share capital of RM20000. So far she has paid RM700 for the shares. The company is now being wound up and it has a debt of RM500000. Its debts are far greater than its assets. Which of the following statements is true? A. Lucy is required to pay RM300. Beyond this she does not owe anything B. The company should never have been allowed to trade as its issued share capital is not at least RM50000. C. Lucy is required to contribute her savings towards solving the company's debts since she is rich. D. Lucy is personally liable for the company's debts, with the other shareholders, to the full extent of his personal wealth. 10. The advantages of incorporation in Malaysia are (i) Shareholders enjoys limited liability for the debts of the company (i) Directors can be asked to contribute to the assets of the company if the company is not able to pay its debts (ii) The company can buy property using its own name (iv) The company can enter into contracts using its own name. A. All B. (ii), (iii) and (iv)