1. Select the statement which most accurately reflects the outcome of Northside Development Pty Ltd v Registrar General:

Select one:

a.The Court held that the Doctrine of Estoppel applied, which prevented the company from denying the contract

b.The Court held that the bank could escape liability under the contract, because a reasonable person would assume that a company director hasauthorityto sign on behalf of the company

c.The Court held that the bank could rely on the Indoor Management Rule, because the 'Put on Inquiry' exception applied

d.The Court held that the bank was NOT allowed to rely on the Indoor Management Rule, because the 'Put on Inquiry' exception applied

Question2

A director's duty to avoid a conflict of interest includes:

Select one:

a.Not taking up an opportunity that belongs to the company

b.Not making a personal profit from an opportunity arising from their office

c.All of the above

d.Not using his or her position for private gain

Question3

Question text

Within how many days after the administration begins must an administrator convene the first meeting of the company's creditors?

Select one:

a.8 days

b.20 days

c.25 days

d.5 days

Question4

Select the correct statement: Where a resolution was passed at a meeting which lacked the required quorum.

Select one:

a.The resolution is automatically invalid

b.The resolution is automatically valid, unless overturned by court order

c.Members holding at least 10% of the shares in the company can vote to reverse the resolution

d.Members have 24 hours to demand that company directors call an extraordinary general meeting