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what is answer for question 6 7 8 9? d. 25 days. 6. Which of the following statements is correct about the requirement of a
what is answer for question 6 7 8 9?
d. 25 days. 6. Which of the following statements is correct about the requirement of a court order? a. All winding up commences with an application for a court order. b. Cred itors voluntary winding up requires an order of the court. c. Members voluntary winding up requires a court order. d. Compulsory winding up requires a court order. 7. On winding up, which debts or amounts are paid first? a. Debts secured by non-circulating security interests b. Employee wages. c. Debts secured by circulating security interests d. Debts owing to unsecured creditors. Which of the following is an unfair loan to a company? a. A loan from a director. b. A loan on which the interest and charges are extortionate on its terms. c. A loan that is to be repaid within 6 months. d. A loan that results in the company becoming insolvent. 8. 9. An insolvent transaction that is also an uncommercial transaction can be avoided if i was entered into: a. Up to 3 years before the relation-back day. b. Up to 2 years before the relation-back day. c. Up to 4 years before the relation-back day. d. No matter when it was entered into prior to winding upStep by Step Solution
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