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Cmm 411: Company Law Question Paper

Cmm 411: Company Law

Course:Bachelor Of Commerce

Institution: Catholic University Of Eastern Africa question papers

Exam Year:2004

THE CATHOLIC UNIVERSITY OF EASTERN AFRICA
A. M. E. C. E. A
MAIN EXAMINATION
1st TRIMESTER 2004/2005
FACULTY OF COMMERCE
DEPARTMENT OF MARKETING AND MANAGEMENT
CMM 411: COMPANY LAW
Duration 2 hrs
Instructions: Answer Questions ONE and any other TWO questions.
Q1. Annie and Ben got married in 2011. In 2012 they registered a company AB ltd and held the shares in equal numbers. The objective of the company were to buy and sell land in Kenya and also building houses for sale. In January 2014 the company was declared insolvent. The company’s liquidators have established that the company owes cut bank kshs. 15 million. That out of the money that the company borrowed kshs. 5m was used to buy a luxury car for Mr. and Mrs. Ben. Using the relevant case law, advice the liquidators on the way forward. (30 marks)
Q2. The articles of a company constitute a contract between the company and the members. Discuss the legal incidences of this contract. (20 marks)
Q3. Critically examine the duties of directors of a company under:
a) The common law.
b) The law of equity (20 marks)
Q4.
a) Outline the three types of winding up a company. (5 marks)
b) Provide a critical analysis of the grounds for compulsory winding up a company. (15 marks)
*END*

Cmm 411: Company Law Question Paper

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