Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd Question 14. [I mark] You are a liquidator and are going through your checklist of requirements in order to void an unfair preference. The

dddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd

image text in transcribed
Question 14. [I mark] You are a liquidator and are going through your checklist of requirements in order to void an unfair preference. The list you have been given lists 4 requirements but you know one of them is wrong. Which one of the following should not be on your checklist of requirements? 21. Was the payment made within 6 months of winding up? b. Did the payment result in the creditor receiving more than would be received in a winding up? 0. Was the company insolvent when the payment was made or did it become insolvent by reason of the transaction? d. Was the payment made in order to defeat the other creditors? Question 15. [1 mark] Your job description says you are '...in charge of administering the personal affairs of XYZ Ltd'. Who do you work for? a. APRA. b. ASlC. c. XYZ Ltd as its Company Secretary. d. ACCC. Question 16. [1 mark] You are CEO of a listed company and you need to approve a disclosure document prepared so the company can raise capital by an issue of securities. In addition to the matters stated in section 711 of the Corporations Act 2001 what other matters should you make sure are included in the document before you approve it? a. Nothing. b. The matters stated in section 713 of the Corporations Act 2001. c. The matters stated in section 710 of the Corporations Act 2001. d. The matters stated in section 715 of the Corporations Act 2001

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Smith and Roberson Business Law

Authors: Richard A. Mann, Barry S. Roberts

15th Edition

1285141903, 1285141903, 9781285141909, 978-0538473637

More Books

Students also viewed these Law questions

Question

Explain the factors affecting dividend policy in detail.

Answered: 1 week ago

Question

Explain walter's model of dividend policy.

Answered: 1 week ago