What is the Cakes and Ale Case Law about?
A) no company can make truly gratuitous distributions of its assets
B) a company can make gratuitous distributions of its assets only regarding catering
C) a company can donate assets at will
D) directors can have free meals at company premises
Correct Answer:
Verified
Q2: A company cannot offer financial assistance to
Q3: On winding up, which of the following
Q4: For the consequences of unlawful distributions the
Q5: What is the 'book value' of an
Q6: Which of the following is not considered
Q7: What is a dividend?
A) a payment made
Q8: Which of the following is considered a
Q9: A company may purchase its own shares
A)
Q10: Under s.641-644 Companies Act 2006, which of
Q11: The principle of capital maintenance can be
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