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Company law mcq, don't need explanation just the answer. Which of the following is CORRECT? O a. A company will always be held to be

Company law mcq, don't need explanation just the answer.

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Which of the following is CORRECT? O a. A company will always be held to be liable for actions by its directing mind and will. O b. Companies cannot be held criminally liable as they are not natural persons. O c. Large corporations are far more likely to be charged with criminal offences than small corporations. O d. A company may assume criminal liability vicariously through the actions of one of its employees, officers or agents. Which of the following is CORRECT? O a. Shareholders are the directing mind and will of a company. O b. A promoter may be personally liable for undisclosed profits earned during the course of their promotion. O c. A director may never be held personally liable for breaches of the Corporations Act made during the course of their directorship. O d. All states and territories in Australia have separate Corporations Acts. Which of the following statements is CORRECT? Select one: O a. A company limited by guarantee does not have share capital O b. The issue price of shares is determined by the Corporations Act. O c. A no-liability company must be an entity engaged in mining 'exploration' only. O d. Unlimited liability companies are no longer permitted to exist by the Corporations Act O e. All shares in a company limited by guarantee must be 'partly-paid

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