Part A:

Ten(10) MCQ's.Each MCQ Carrie's only 1 mark.You should answer all questions.

1.In a Commissioner of Taxation (Cth) v Whiteford's Beach Pty Ltd' the court....

a)Lifted the corporate veil.

b)Stated that the company was it's own separate legal entity.

c)Upheld that the company had no financial liability.

d)Claimed that the directors acted u votes.

2.The organ or organs of a company are...

a)Board of directors only

b)Generally members only.

c)Board of directors and the members in a general meeting.

d)Only the chief executive officer.

3.The tenure of a director may be terminated early by

a)A provision in their employment contract.

b)A company's internal rules.

c)An order of the court.

d)All of the above.

4.Northside Developments PTY LTD v Register-General (1990) established the

a)Rules about how to amend a company's constitution

b)Rules on winding up a company .

c)Rule known as the Indoor Management Rule

d)Rule known as Agency theory.