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MULTIPLE CHOICE QUESTIONS $-$COMPANY LAW.pdf $-1.$ Kwame Broni...

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$1.$ Kwame Broni holds an interest in Daakyi Nti Ghana Ltd$.$ which entitles him to a portion of the profits of the company by virtue of this interest. Who is Kwame Broni? a$.$Member b$.$Shareholder c$.$Director d$.$Promoter $2.$Dufie, Akyaa and Abena are members of a company who have appointed Gyekiti to run the business of the company. Who is Gyekiti? a$.$Director b$.$Shareholder c$.$Member d$.$Promoter $3.$The Constitution of a company in Ghana is the same as the Articles of Association and the Memorandum of Association in other Jurisdictions. a$.$Trueb.False $4.$In Ghana, every company incorporated after the commencement of Act $992$ shall have at most two $(2)$ directors. a$.$Trueb.False $5.$Koku Mawuko and his friends have incorporated a company limited by guarantee under Act $992.$ He vows to his friends claiming that this company can still make profits. a$.$Trueb.False $6.$A director of a company is an employee of this company. a$.$Trueb.False $7.$Both limited and unlimited companies in Ghana can be Public Companies a$.$Trueb.False $8.$The Auditor of a company acts in the capacityof.. a$.$An agent b$.$A member c$.$Employee d$.$Officer $9.$The corporate veil of a company would be liftedwhere. a$.$The Company is being liquidated b$.$The Company is being used as a medium to perpetrate fraud c$.$The Company is sued in a Court of Law d$.$The Company is seriously indebted

$10.$Akapee is interested in forming a company with Kojo Mmbrusa who is going to be acting in the capacity of an Auditor. Who is Akapee? a$.$Member b$.$Promoter c$.$Shareholder d$.$Director $11.$Kyempo Ghana Ltd$.$ is a company whose members are liable only to the amounts they promised to pay upon liquidation. What type of company is Kyempo Ltd$.?$ a$.$Public Company b$.$Private Company c$.$Limited by Guarantee Company d$.$Limited Liability Company $12.$Banso Ltd$.$ is a Company whose members become liable only for the amounts they have not paid on their shares. Banso Ltd$.$ is a$...$ a$.$Limited Liability Company b$.$Private Company c$.$Limited by Guarantee Company d$.$Public Company

$13.$Which one of these is an organ of a company? a$.$An individual Director b$.$A company Secretary c$.$A and D d$.$Members in a general meeting $14.$Which of the statements below is true? a$.$The promoter shall not observe the utmost good faith towards the company in any transaction on its behalf or with it b$.$The promoter shall not compensate the company for any loss suffered by it by reason of his failure to do so$.$ c$.$The promoter shall act exclusively in the interest of the company. d$.$The promoter shall not have the duty of non$-$disclosure of all material facts to the company $15.$A partnership is an association of at least $20$ members who come together to conduct business with the intention of making profit. a$.$Trueb.False