1. Define Administration in the context of company law
2. A person sees an item in a shop with a price displayed of 80. They enter the shop, and offer the shopkeeper 60, to which the shopkeeper accepts if the customer comes back at the end of the day with a bottle of wine and pays the 60 in cash. At the end of the day the customer returns, hands over the bottle and the cash and leaves with the item. Which part of the scenario above represents a counter offer in the context of contract law?
3. Give one example of a non-distributable reserve
4. Define Capital Maintenance in the context of business law
5. Following a civil law case regarding an injury caused to a cyclist, the defendant was found liable, however the award was reduced by 50% due to the culpability of the claimant.What is this an example of?
6. What Latin legal term refers to the assumption that something happened?
7. What is the legal difference between unfair dismissal and wrongful dismissal?
8. What is the term used that describes the retrospective creation of an agency relationship?
9. How does the burden of proof differ between criminal and civil law?
10. What does the economic reality test mean in employment law?
11. What are the key differences between Common Law and Statute Law?
12. What is the difference between a de jure and a de facto company director?
13. Agency relationships impose duties and obligations on the agent. State two things the agent will be entitled to if they fulfil them.
14. State one difference between the right of shareholders and debentureholders?