Formalities - Study guides, Class notes & Summaries

QUESTION 1 [20] 1.1 The Memorandum of Incorporation of Generators Unlimited (Pty) Ltd provides that only the board of directors, or any director authorised by the board, has the power to conclude contracts on behalf of the company. It also states that any transaction that exceeds R10 million must first be authorised by the company’s shareholders at a general meeting by way of an ordinary resolution. One of the directors, Nthabiseng, is authorised by the board of directors to conclude con...

In which ONE of the following situations would the will have been REVOKED? A - Sam writes "REVOKED" across the top of her will. B - James telephones his solicitor and instructs her to destroy his will which the solicitor is holding on his behalf. Immediately after the telephone call, the solicitor shreds the will. C - Amarjit decides to revoke her will and throws it into the fire where it burns to ashes. There was no one present to witness this. D - Whilst clearing out his study, Gavin shr...

Contents Welcome ..................................................................................................................................................................... 3 October/November 2017 Exam .............................................................................................................................. 4 October/November 2017 Suggested Solutions .................................................................................................. 13 May/June 2...

PVL2601 EXAM ANSWERS MAY/JUNE 2023 QUESTIONS ASKED: Time left 1:03:40 Question 49 Not yet answered Marked out of 2.00 Not flaggedFlag question Question text In which one of the following cases did the court prohibit a retirement annuity fund from making payments to a maintenance debtor unless the Maintenance Court or the maintenance debtor's former wife consented to such payment? a. Gerber v Gerber and Pocock b. Magewu v Zozo c. Mngadi v Beacon Sweets and Chocolates Provid...

TX Notary Assessment Test With Complete Solutions Formalities of the notorial act (6) (answer: - personal appearance, id of principal, comprehension/free will assessment, notarial ceremony, completed certificate, notarial record: electronic journal entry&recording of audio-visual session

AFAR PREWEEK EXAM QUESTIONS & ANSWERS 2024/25 Number 1 Which statement is not true about a partnership? A. Any natural person who possesses the right to enter into a contract can become a partner. B. All partners are co-owners of partnership property and co-owners of profits and losses of the partnership. C. A partnership may be formed to perform any legal business, trade or profession or other service. D. Nonprofit organizations may form a partnership. - ANSWERSAnswer: D NPO- improve w...

Bail Bonds Louisiana Exam Study Guide with Complete Solutions Acquit - Correct Answers to set free:to judicially discharge from an acquisition;to clear (a person) of a criminal charge Bail Enforcement - Correct Answers the apprehension or surrender of a principal by a natural person who is released on bail or who has failed to appear at and state of the proceedings to answer to the charge before the court, in which he may be prosecuted obligor - Correct Answers the party who owes the duty...

Barth v. Barth Ans- Majority rule, however, majority owners have fiduciary duty to minority owners and business itself. In general, proper procedure for minority to challenge majority is a derivative action on behalf of the business. Bedrock Principle of Limited Liability Ans- Unless otherwise provided in the articles of incorporation, a shareholder of a corporation is not personally liable for the acts or debts of the corporation except that the shareholder may become personally li...

Which practice association is the easiest and least expensive to form and why? - *The Sole Proprietorship* is the simplest form of business organization and, therefore, the least expensive to maintain. There are normally no formalities required to begin What is a Certificate of Assumed Business Name and how does it pertain to a dental practice? - A *Certificate of assumed business Name* is a state form used to identify your business. Does a sole proprietorship limit the owner's personal li...

An employee welfare benefit plan has four basis elements. What are these elements? (Mod 1.1) - correct answer 1) There must be a plan, fund or program. 2) The plan, fund or program is established or maintained by an employer. 3) The plan, fund or program is for the purpose of providing specifically listed benefits, through the purchase of insurance or otherwise. 4) Benefits are provided to participants and beneficiaries. Explain how a "plan, fund or program" for an employee benefit pla...