Which of the following statements is not true in regards to companies?
A) Members are only liable for the debts of the company if they have not fully paid for their shares.
B) The business can continue if the directors die or resign their positions.
C) They must report to the Australian Securities and Investments Commission (ASIC) .
D) Directors usually require shareholder approval for important management decisions.
Correct Answer:
Verified
Q11: A limited liability company (one limited by
Q12: An unpaid creditor of a partnership has
Q13: Which of the following statements is not
Q14: A company's constitution (and any replaceable rules
Q15: Which of the following common law duties
Q17: A company is a separate legal entity.This
Q18: One of the features of a partnership
Q19: What was the main rule that was
Q20: Which of the following statements about ASIC
Q21: Which of the following statements about the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents