Which of the following statements about the different types of company is true?

Select one:

a.All company types have shares that are traded freely among an unlimited number of shareholders members of the public

b.All company types are legally distinct from the members and officeholders

c.All company types can be listed on the Australian Stock Exchange (ASX).

d.All of the above

Why isDonoghue v Stevensonconsidered to be such an important case in the law of negligence:

Select one:

a.It established a general test, based on the "neighbour principle", for when a duty of care arises

b.It identified an exhaustive list of established categories, for when a duty of care arises such as a motorist owing a duty of care to other road users

c.It sets a precedent for providing a remedy for consumers who get sick when they drink ginger beer with a snail in it

d.All of the above

In a legal problem-solving context, case law:

Select one:

a.Is used to formulate the relevant legal principle where there is no relevant legislation

b.Is used to assist in the interpretation of legislation where there is relevant legislation

c.Should be applied based on the doctrine of precedent

d.All of the above

For the purpose of this question imagine that Super-Mega Convenience Mart Pty Ltd is a company registered with ASIC which runs a chain of convenience stores and petrol stations.

Imagine now that Super-Mega Convenience Mart Pty Ltd has plans to start a new business called Sugar-Rush Doughnuts.Which of the following statements is correct:

Select one:

a.Super-Mega Convenience Mart Pty Ltd can set up a new business but cannot use the name "Sugar-Rush Doughnuts" because that name is different from the company name registered with ASIC.

b.Super-Mega Convenience Mart Pty Ltd cannot setup multiple businesses because it is a proprietary company limited by shares, not a public company.

c.Super-Mega Convenience Mart Pty Ltd cannot set up a new business without first registering a new subsidiary company with ASIC.

d.Super-Mega Convenience Mart Pty Ltd can set up a new business but if it wants to use the name"Sugar-Rush Doughnuts", it will need to register that name.

Which of the following statements about a partnership is true?

Select one:

a.A partnership that does not use the names of the individual partners, needs to register a company name.

b.Due to ongoing disclosure requirements, most information about a partnership's business will usually be available to the public via ASIC

c.Partnerships, like companies, need to be registered as an entity with ASIC

d.Partners are exposed to individual liability for the debts of the partnership.