1. Provision under _____________ allows ratification on contract made before the incorporation of the company.

a) Section 35 (1) Companies Act 1965

b)Section 351 Companies Act 1965

c) Section 30 (1) Companies Act 1965

d)Section 130 Companies Act 1965

2, Articles of Association CANNOT be altered if :

a)The alteration is done so as to include an illegal clause.

b) The member's voting power with regard to the alteration of the Article of Association is exercised in the best interest of the company as a whole.

c) The alteration is in line with the Memorandum of Association.

d)The alteration is in accordance with the provisions of the Companies Act 1965.

3, A company obtains its separate legal entity status _____________

a) once it has been registered.

b) from the date of the application of name.

c)from the date stated in the certificate of incorporation.

d)before it is incorporated.

4.The court will lift the veil of incorporation in the following circumstances EXCEPT

a) When the company is used as a front to hide the true facts.

b) When the company is formed to evade legal duty.

c) To attribute mental state or physical character to a company.

d) When the company enjoys perpetual succession.

5. Regarding the duty to promote the success of the company, which of the following statements is TRUE?

a) The interests of the company are always the same as the interests of its shareholders.

b) Where the interests of the company and its shareholders conflict, preference should be given to the interests of the company.

c) The duty to promote the success of the company is objective, meaning that what the directors actually believed is irrelevant.

d) The directors are required to give equal weight to the interests of the company, its shareholders, its employees and any other relevant interests.

6. Choose the BEST answer in relation to a Pre-Incorporation contract.

a) A contract made by a director of a company.

b)A contract entered after the formation of a company.

c) A contract made by promoters after the issuance of a certificate of incorporation.

d) A contract made by or on behalf of a company before the company receives its certificate of incorporation.