Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 9. [1 mark] You are a BHP Ltd shareholder and are upset that you have not been paid a dividend this year. Which of

image text in transcribed
Question 9. [1 mark] You are a BHP Ltd shareholder and are upset that you have not been paid a dividend this year. Which of the following is the only thing you can legally complain about? a. BHP did not let the members decide whether they would get paid a dividend. b. BHP did not pay a dividend even though it made huge prots. c. BHP did not pay a dividend out of company prots. d. BHP declared a dividend, the due date for payment of the dividend has passed, and BHP now deny this is a debt owed to the shareholders. Question 10. [1 mark] If you are appointed as a company receiver your job will usually be to: a. Help a liquidator sell off company assets. b. Help a secured creditor get his or her money back. c. Help a liquidator in distributing proceeds to creditors. d. Help an administrator entering into a deed of company arrangement with creditors. Question 11. [1 mark] You are having a debate with your friends about the nature of a share? Which of your friends is correct? a. Anne who insists that a share is personal property. b. Mohamed who says a share is transferrable as provided by the company's constitution. c. Silvan who points out that it is possible to have different classes of share with different rights attaching to each class. d. All of them 7 Anne, Mohamed and Silvan

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

Family Law

Authors: Jonathan Herring

10th Edition

1292343257, 978-1292343259

More Books

Students also viewed these Law questions