Question
Which test establishes that a person does not breach a duty of care unless they fail to do what a reasonable person would have done
Which test establishes that a person does not breach a duty of care unless they fail to do what a reasonable person would have done in the circumstances?
Select one:
Strict liability test
No Liability test
Reasonable person test
Public Liability test
Which type of a court order can secured creditors request if the company becomes insolvent?
Select one:
Disclosure document
Compulsory Winding up
Criminal Penalty
Voluntary Winding up
In deciding if a reasonable person would have taken precautions against a risk of harm, the court does not need to consider...
Select one:
The social utility of the activity that creates the risk of harm
The probability that the harm would occur if care were not taken
The burden of taking precautions to avoid the risk of harm
If the defendant has complied with standard practice within the industry
Which of the following is the best description of limited liability?
Select one:
The liability of the company is limited to the personal debts of its directors
The shareholders of the company are not personally liable for the debts of the company
The liability of the directors is limited to the debts of the company
The company is liable for the personal debts of the shareholders
A defendant is not liable for every consequence of their carelessness, only for those consequences that are....
Select one:
Too remote or far-fetched
Reasonably foreseeable
Intended by the defendant
None of the above
Commencing on or after 1 July 2019, a proprietary company is defined as 'large' for a financial year if it satisfies at least two of which set of criteria:
Select one:
the consolidated revenue for the financial year of the company and any entities it controls is $50 million or more, the value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is $25 million or more, and the company and any entities it controls have 100 or more employees at the end of the financial year
the consolidated revenue for the financial year of the company and any entities it controls is $10 million or more, the value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is $25 million or more, and the company and any entities it controls have 50 or more employees at the end of the financial year
the consolidated revenue for the financial year of the company and any entities it controls is $12.5 million or more, the value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is $25 million or more, and the company and any entities it controls have 50 or more employees at the end of the financial year
the consolidated revenue for the financial year of the company and any entities it controls is $15 million or more, the value of the consolidated gross assets at the end of the financial year of the company and any entities it controls is $25 million or more, and the company and any entities it controls have 100 or more employees at the end of the financial year
Which of the following is a non-delegable duty of care?
Select one:
The duty owed by the school to its students
The duty owed by an employer to their employees
The duty owed by an occupier to visitors
The duty owed by the hospital to its patients
What kind of company is formed on the principle that the liability of members is limited to the amount if any unpaid on their shares?
Select one:
Company limited by shares
Company Limited by guarantee
No liability Company
Unlimited with share capital
What type of defence can be established if the plaintiff was fully aware of the risk at the time the harm was caused and they voluntary assumed that risk and the defendant is relieved of all liability?
Select one:
Contributory Negligence
Voluntary Assumption of Risk
Civil Liability
Factual Causation
What type of disclosure document is required where a Public Company issues new shares?
Select one:
Proxy
Statutory derivate action
Prospectus
Target's statement
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