Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please answer the following question by choosing the applicable answer, also refer The Companies Act 71 of 2008 to in order to be able to

please answer the following question by choosing the applicable answer, also refer The Companies Act 71 of 2008 to in order to be able to answer some of the following questions

question 1

- the legal consequences of business rescue proceeding include;

a) disposing of the company's property is restricted

b) Most civil legal proceedings against the company are stayed

c) Re-financing of the company is facilitated by allowing for company assets to be used secure loans

d) employees contracts of employment may be modified if needed to assist the company's rescue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics The Exploration & Analysis Of Data

Authors: Roxy Peck, Jay L. Devore

7th Edition

0840058012, 978-0840058010

Students also viewed these Law questions