Question
Jim has purchased 25% of the shares in Zig Zag Pty Ltd, a small proprietary company. The legal effect of this transaction is that: a.
- Jim has purchased 25% of the shares in Zig Zag Pty Ltd, a small proprietary company. The legal effect of this transaction is that:
| a. | Jim owes 25% of Zig Zag Pty Ltd's liabilities. | |
| b. | Jim owns 25% of the assets of Zig Zag Pty Ltd. | |
| c. | Jim has a 25% say in the management of the company. | |
| d. | Jim has acquired certain rights, such as voting rights and the right to receive a dividend (once declared). |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Tort Law Text Cases And Materials
Authors: Jenny Steele
5th Edition
0198853912, 978-0198853916
