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Business Law Ii B(Buss 216) Question Paper

Business Law Ii B(Buss 216)

Course:Business Administration

Institution: Kenya Methodist University question papers

Exam Year:2013

TIME: 2 HOURS

Instructions:
Answer question one and any other two questions.

Question One
Write short notes on the following:
Public limited company
Private limited company
Company limited by guarantee
Corporation aggregate
Lifting of the corporate veil.
(10mks)
Explain the phrase that "a company is an artificial person created by the process of law".
(10mks)
State and explain the primary documents to be filed at the time of registration of a company to the registrar of companies. (10mks)

Question Two
What is winding up of the company? Describe at least four circumstances under which the court consider winding up of a company just and equitable.
(12mks)
Who is a member of a company? State and explain at least three rights of a member of a public limited company.
(8mks)

Question Three
X had bought 1000 shares in company Z after which he passed on soon after getting his share certificate. X is survived by his wife Y and 3 children. Advise the family on the way forward in ensuring that the shares are transferred to his surviving family member.
(8mks)
Who is a director of a company? State and explain the different duties and liabilities of a director of a company?
(12mks)

Question Four
What is a statutory meeting of a company?
(4mks)
Discuss the various modes through which a person ceases to be a member of a company.
(10mks)
Explain the difference between a public limited companies and private limited company.
(6mks)

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