Peter, James, Parveen and Martha purchased a property together soon after graduating from college, as joint tenants, they now have partners and would like to leave something in the property to each of them. What would you advise?

A.

Bequeath their share to each partner in their Wills

B.

Create a leasehold title

C.

Create a life tenancy for each partner

D.

Convert the existing multiple ownership into a tenancy in common, and leave their individual share to their partners.

2

f a worker and employer relationship is deemd to be one of Contract for service. Which of the following best defines this type of contract of employment?

A.

The worker is deemed to be an employee of the Business/Organization that they work for.

B.

The worker is deemed to be an independent contract for the Business/Organization that they work for

C.

The worker owns share in the Business/Organization that they work for

D.

The worker is selected for work based on their skills and qualification to do the job.

3.

Jack and Jill are members of a private limited company and they would both like to have voting rights in the business, which of following shares would be best to purchase?

Common shares

Preference shares

Either common or preferred shares would give them the right to vote

None of the above