Please assits with Law questions

What is corporate personality? Select one: A. Corporate personality means that the company as an entity is regarded by the law as a person. O B. Corporate personality means that the board of directors is regarded by the law as a person. " Corporate personality means that the members in general meeting are regarded by the law as a person. O D. Corporate personality means that all of the companies within a corporate group are regarded by the law as one person.The case of Salomon v A Salomon & Co Ltd established a number of principles. Which ONE of the following was NOT a principle established in Salomon? Select one: O A. A company duly incorporated is an independent person with its rights and liabilities. O B. That a company's promoters, directors and members could legitimately use corporate personality to shield themselves from certain liabilities. O C. That a person who owns the vast majority of a company's shares is to be regarded as the principal of the company or that the company is a trustee for his benefit. OD. That the minimum member requirement does not require the members to be active.Which ONE of the following case is regarded as the leading case on the piercing of the corporate veil? Select one: O a. Petrodel Resources Ltd v Prest [2013] O b. Adams v Cape Industries plc [1990] O c. Antonio Gramsci Shipping Corp v Stepanovs [2011] O d. VTB Capital plc v Nutritek International Corp [2013]For several reasons, it is important to be able to determine whether or not a person is a promoter. Which ONE of the following reasons is not a valid reason? Select one: 3. Promoters may be liable for acts entered into on behalf of the unformed company. P. Promoters are subject to certain provisions contained in the Companies Act 2004. O c. Promoters who sign their name on behalf of an unformed company can face criminal liability if the company is not subsequently fully incorporated. "Promoters owe fiduciary duties to the unformed company.Andrew is a promoter of a company. Before the company is fully incorporated, he enters into a contract on its behalf with a third party. Under the common law, would a valid contract exist and, if so, who would be the parties to the contract? Select one: O a. A contract would exist and it would be between Andrew and the third party. O b. No contract would exist. " A contract would exist and it would be between the unformed company and the third party. O d. A contract would exist and it would be between Andrew and the company.With regards to the company's constitution, the statutory contract exists between which parties? Select one: O a. Between the company and any outsiders with a relevant interest. O b. Between the members themselves only. O c. Between the company and its members, and between the members themselves. O d. Between the company and its members only.What is a 'quorum?" Select one: O a. A meeting that lacks a chairman. O b. The maximum number of persons who may attend a meeting. O c. The minimum number of 'qualifying persons' required in order to validly conduct business. d A meeting that is invalid because sufficient notice has not been provided.There are a number of differences between a public company and a private company. Which ONE of the following is NOT a valid difference? Select one: D E" Private companies can be created with a trivial amount of capital. whereas public companies must have an allotted minimum share capital of $500. C] '3' Public companies may offer their shares to the public whereas private companies may not. Dc. PL private company must be formed with at least one director. whereas a public company must have at lea st three directors. Cid. A private company has no obligation to le accounts even if some of its shares are held by a body corporate. What is 'limited liability?" Select one: O a. Limited liability refers to the ability of a member to limit his liability. O b. Limited liability refers to how much the directors have to contribute in the event of the company becoming insolvent. " Limited liability refers to the ability of a company to limit its liability. O d. Limited liability refers to the directors' ability to limit their liability for acts of negligence, fraud etc.The power to manage a company is vested in whom? Select one: C] a. The persons who provide the most capital Oh. The members C] c. The majority shareholders Q d. The directors