Question: please answer the following question by choosing the applicable answer, also refer The Companies Act 71 of 2008 to in order to be able to

please answer the following question by choosing the applicable answer, also refer The Companies Act 71 of 2008 to in order to be able to answer some of the following questions

question 1

- the legal consequences of business rescue proceeding include;

a) disposing of the company's property is restricted

b) Most civil legal proceedings against the company are stayed

c) Re-financing of the company is facilitated by allowing for company assets to be used secure loans

d) employees contracts of employment may be modified if needed to assist the company's rescue

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Law Questions!