1. For the purpose of this question imagine that Super-Mega Convenience Mart Pty Ltd is a company registered with ASIC which runs a chain of convenience stores and petrol stations.

Which of the following statements is correct:

Select one:

a.Super-Mega Convenience Mart Pty Ltd is a proprietary company limited by shares.

b.Super-Mega Convenience Mart Pty Ltd is a public company limited by guarantee.

c.Super-Mega Convenience Mart Pty Ltd is a public company limited by shares.

d.Super-Mega Convenience Mart Pty Ltd is a proprietary company limited by guarantee

For the purpose of this question imagine that Super-Mega Convenience Mart Pty Ltd is a company registered with ASIC which runs a chain of convenience stores and petrol stations.

2.Imagine now that Super-Mega Convenience Mart Pty Ltd has plans to start a new business called Sugar-Rush Doughnuts.Which of the following statements is correct:

Select one:

a.Super-Mega Convenience Mart Pty Ltd cannot set up a new business without first registering a new subsidiary company with ASIC.

b.Super-Mega Convenience Mart Pty Ltd can set up a new business but if it wants to use the name"Sugar-Rush Doughnuts", it will need to register that name.

c.Super-Mega Convenience Mart Pty Ltd cannot setup multiple businesses because it is a proprietary company limited by shares, not a public company.

d.Super-Mega Convenience Mart Pty Ltd can set up a new business but cannot use the name "Sugar-Rush Doughnuts" because that name is different from the company name registered with ASIC.

3.In what circumstances will a court ignore the separate legal entity principle and lift the corporate veil?

Select one:

a.If a company has been used to avoid a contractual obligation

b.If a company has been used by a director to breach a fiduciary duty

c.If a company has been used to commit a fraud

d.All of the above