筛选结果 共找出680

Which of the following charges on the same asset, all of which have been properly registered, has the highest priority? Assume all chargeholders are unaware of the other charges. 

A

 A floating charge with a value of £5,000 registered on 1 January 20X1 

B

 A fixed charge with a value of £2,000 registered on 1 February 20X1 

C

 A floating charge with a value of £7,000 registered on 1 March 20X1 

Which of the following events will cause a floating charge to crystallise? 

A

 Resignation of the finance director 

B

 The chargee appointing a receiver 

C

 Sale of the assets subject to the charge 

How many days after creation must a charge be registered in order for it to be valid and enforceable? 

A

7

B

14

C

21

 Which of the following is true concerning late registration of a company charge? 

A

 A charge may not be registered late 

B

 A charge may be registered late, but only if the permission of the Registrar of Companies is obtained 

C

 A charge may be registered late if it does not prejudice the creditors or shareholders of the company

 Which of the following statements regarding directors' borrowing powers is correct? 

A

 Where directors borrow for a non-business purpose, the loan contract is unenforceable by the lender 

B

 Where directors borrow a greater amount than they have the power to, the loan contract is unenforceable by the lender 

C

 Where directors exceed their bowering powers, the company may ratify the loan contract if it is within the capacity of the company 

D

 Where directors borrow for a business purpose, the loan contract is unenforceable unless it is supported by a company charge 

Which of the following MUST be created using a debenture trust deed? 

A

 A single debenture 

B

 Debenture stock 

C

 Series debentures 

D

 Register of debentureholders 

Which TWO of the following are advantages of using a debenture trust deed? 

(1) The deed creates a charge or charges over the company's assets which creates security 

(2) A single trustee of the debentureholders is appointed so the company only has to deal with one person 

(3) Debentures covered by a debenture trust deed have a higher priority of repayment on liquidation than debentures not covered by a deed 

(4) The process of selling a debenture covered by a debenture trust deed is substantially faster than the process of selling a debenture not covered by a debenture trust deed. 

A

 1 and 2 

B

 1 and 4 

C

 2 and 3 

D

 3 and 4 

 Which of the following statements regarding the differences between loan capital and share capital is correct? 

A

 Unlike loan capital, share capital does not have to be repaid 

B

 Loan capital has voting rights attached but share capital does not 

C

 Share capital offers the holder more security than loan capital 

D

 Share capital is transferable but loan capital is not 

 Which of the following statements regarding the differences between loan capital and share capital is NOT correct?  

A

 A shareholder is an owner of the company, a debentureholder is not 

B

 Shares may not be issued at a discount to their nominal value, debentures may be issued at a discount to their nominal value 

C

 A public sale of shares is known as a prospectus, the public sale of debentures is known as a listing 

D

 There are statutory restrictions on redeeming shares, there are no statutory restrictions on redeeming debentures 

Which of the following is the purpose of a 'negative pledge' clause on a company charge? 

A

To prevent the company from issuing a subsequent charge on the same asset 

B

 To prevent the company from selling the asset without the chargee's permission 

C

To prevent the company from using the asset without the chargee's permission 

D

To ensure the company pays the proceeds from the sale of the asset to the chargeholder