SECTION B – COMPANY PROCEDURE 3.     Advise Pete as to whether LUPEL Ltd has complied with all of its legal obligations in relation to the matters set out in numbered paragraph 2 of his letter of complaint. (5 marks)

SECTION C – INSOLVENCY 12.   Advise the directors as to their options with regard to formal corporate procedures to attempt to rescue the business and the advantages and disadvantages of each from the perspective of Eight till Late Limited and its directors?  (16 marks) 

SECTION B – COMPANY PROCEDURE 5.     Advise Pete as to what remedies he may have as a shareholder in respect of the matters set out in numbered paragraphs 1 and 3 of the complaint. (3 marks)

SECTION A – PARTNERSHIP 1.     Alice is proposing to reply to Porchester Auctions that she will only sign a cheque for £1,200 for the Howard Jackson, i.e. 40% of the maximum Ben was authorised to spend. She also intends to tell them that “Ben will not let me pay for the Van Hulig oil”. Advise Alice whether Wessex Arts is liable to Porchester Auctions on these transactions.  (10 marks) 

SECTION C – INSOLVENCY 8.     A director deliberately took out a £17,000 loan for the company, knowing that the company cannot repay the loan.  In this scenario, do you think the director is possibly liable for one of the following? (2 marks)

SECTION B – COMPANY PROCEDURE 3.     Advise Pete as to whether LUPEL Ltd has complied with all of its legal obligations in relation to the matters set out in numbered paragraph 2 of his letter of complaint. (5 marks)

SECTION B – COMPANY PROCEDURE 4.     Advise Pete whether the board of LUPEL Ltd has complied with all of its obligations under company law in relation to the matters in numbered paragraphs 1 and 3 of his letter of complaint. (9 marks)

SECTION C – INSOLVENCY 12.   Advise the directors as to their options with regard to formal corporate procedures to attempt to rescue the business and the advantages and disadvantages of each from the perspective of Eight till Late Limited and its directors?  (16 marks) 

SECTION C – INSOLVENCY 10.   Insolvency is an undesirable position for any company to find itself in. What is the purpose of calling in the administrators, as opposed to simply liquidating the company? (2 marks)

AFTER THE TIME OF THIS QUIZ RUNS OUT,  PRESS SUBMIT. IT WILL CLOSE. THEN PRESS NEXT. A QUIZ NAMED MATH SBA 005 UPLOAD WILL OPEN FOR 30 MINUTES TO UPLOAD YOUR ANSWER SHEET PDF COMPLETE YOUR QUIZ IN BLUE PEN.