True or False

1* A partner in a firm which gives negligent advice is not personally liable for any adverse consequences

2* A director in a limited company may be held personally liable for the adverse consequences of anyadvice s/he gives which is given negligently

3* A director in a limited company can be held personally liable for the financial consequencesof reckless trading by the company

4* A limited company cannot be sued in the same way that a natural person can be sued

5* A limited company has a separate legal identity from its owners and directors

6* Partners in firms often take out professional indemnity insurance policies against the risk ofgiving negligent advice

7* Professional indemnity insurance doesn't cover partners against bad business decisions

8* The employees of a limited company are responsible for its debts

9* The Crown in New Zealand is virtually the New Zealand government

10* Unless someone can show good title to land in New Zealand it must be owned by the Crown

11* The centre line rule means that if you buy land bordering on a river, you own the half the river bed

12* In 1840 Maori had a different understanding of land ownership to the English system

13* All land bought from Maori in the first decades of colonial rule was bought fairly

14* A potential problem in interpreting Treaty of Waitangi concerned the fact that Maori believed bysigning the Treaty they confirmed what had been discussed up to that point but the English thoughtthat having signed the Treaty, whatever was discussed beforehand could be safely ignored

15* The misunderstanding by the circumstances described in Q14. question concerned the English oraltradition compared to the Maori use of writing in the legal process

16* If an offer is accepted, there is consideration in the arrangement, and there was intention to createlegal relations, then it is probably a legally binding contract

17* The court will make a rebuttable presumption that in social or family arrangements there isalways an intention to create legal relations

18* Unlike the position in Civil Law Countries there must be consideration present if an agreement is tobe legally enforceable in a Common Law country

19* Law in Common Law countries developed mainly from written Roman Law established when theRoman Empire ruled the land around the Mediterranean Sea.

20* Separation of powers involves government, Parliament, and the judiciary whereby power is distributedbetween all three entities to avoid too much power to be held by any one of them, essentially to avoidexcessive State control over citizens