Duties – NBC Institute

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

Question

Which of the following is NOT a function of a Commissioner of Stamp Duties?
A. He is the administrative head of the department
B. He has the duties of assessing documents on appropriate duties and imposing penalties where applicable
C. Adjudication
D. Stamping or embossments
E. He varies the stamp duties rate from time to time to reflect realities

Answer

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Tags: Adjudication, Administration, Commissioner, Duties, Penalties, Stamp Duties
Level: Level 1

Topic: Stamp Duties
Series: MAY 2021

BL – Nov 2015 – L1 – SA – Q6 – Company Law

Essential skills required for the exercise of auditor duties.

Question

The duties of an auditor are many and require the exercise of
A. Common Sense
B. Social Knowledge
C. Care and skill
D. Connection
E. Influence

Answer

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Tags: Auditors, Company Law, Duties, Multiple Choice
Level: Level 1

Topic: Company Law
Series: NOV 2015

BL – May 2018 – L1 – SA – Q13 – Partnership Law

Identify who fixes the duties of parties in tort.

Question

The duties of parties in tort are fixed by:
A. Law
B. The parties
C. Contract
D. The Executive
E. Governor

Answer

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Tags: Duties, Legal obligations, Tort
Level: Level 1

Topic: Partnership Law
Series: MAY 2018

BL – May 2022 – L1 – SB – Q4c – Law of Trusts

Explain five duties of a personal representative in estate administration.

Question

In the administration of estates, a personal representative has some duties.

Required:
Explain FIVE duties of a personal representative.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Administration of Estates, Duties, Personal Representative
Level: Level 1

Topic: Law of Trusts
Series: MAY 2022

BL – May 2022 – L1 – SB – Q1c – Law Relating to Banking

State four duties of a bank customer.

Question

Mrs. Ore Nnaji recently opened a bank account and wonders what rights and duties she has on her account.

Required:
State FOUR duties of a bank customer.

Answer

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Tags: Bank Customer, Banking Law, Duties
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2022

BL – Nov 2022 – L1 – SB – Q3a – Company Law

Stating the duties and conditions for the removal of a company secretary.

Question

The Companies and Allied Matters Act (CAMA) provides that a public company shall have a Company Secretary.

Required:
i. State four duties of a Company Secretary (4 Marks)
ii. State four conditions for the removal of a Company Secretary from office (4 Marks)

Answer

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Tags: Company Secretary, Duties, Removal
Level: Level 1

Topic: Company Law
Series: NOV 2022

BL – Nov 2019 – L1 – SB – Q5d – Law of Trusts

Identifying the duties of a personal representative in the administration of estates.

Question

In the administration of estates, personal representatives take charge of a deceased’s estate.
Required:
State SIX duties of a personal representative. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deceased’s estate, Duties, Estate Administration, Personal Representative
Level: Level 1

Topic: Law of Trusts
Series: NOV 2019

BL – May 2016 – L1 – SB – Q5a – Company Law

Identify eligible persons for company secretary and outline duties, along with advice on misuse of company resources.

Question

Natural persons run the business of companies, and the principal officers manage them.

You are required to state:

i. TWO persons that could be appointed Secretary of a public company. (2 Marks)

ii. THREE specific duties of a Company Secretary. (3 Marks)

iii. Mr Okoruma, a flamboyant person, is the Company Secretary of Lukka Company Plc. He hired expensive cars in the name of the company, which he used for his personal purposes. The board has refused to pay the debts incurred by Mr. Okoruma for the car hire.

Required:

Advise Mr. Okoruma. (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Appointment, Company Secretary, Corporate Governance, Duties
Level: Level 1

Topic: Company Law
Series: MAY 2016

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Adjudication, Administration, Commissioner, Duties, Penalties, Stamp Duties
Level: Level 1

Topic: Stamp Duties
Series: MAY 2021

BL – Nov 2015 – L1 – SA – Q6 – Company Law

Essential skills required for the exercise of auditor duties.

Question

The duties of an auditor are many and require the exercise of
A. Common Sense
B. Social Knowledge
C. Care and skill
D. Connection
E. Influence

Answer

Find Related Questions by Tags, levels, etc.

Tags: Auditors, Company Law, Duties, Multiple Choice
Level: Level 1

Topic: Company Law
Series: NOV 2015

BL – May 2018 – L1 – SA – Q13 – Partnership Law

Identify who fixes the duties of parties in tort.

Question

The duties of parties in tort are fixed by:
A. Law
B. The parties
C. Contract
D. The Executive
E. Governor

Answer

Find Related Questions by Tags, levels, etc.

Tags: Duties, Legal obligations, Tort
Level: Level 1

Topic: Partnership Law
Series: MAY 2018

BL – May 2022 – L1 – SB – Q4c – Law of Trusts

Explain five duties of a personal representative in estate administration.

Question

In the administration of estates, a personal representative has some duties.

Required:
Explain FIVE duties of a personal representative.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Administration of Estates, Duties, Personal Representative
Level: Level 1

Topic: Law of Trusts
Series: MAY 2022

BL – May 2022 – L1 – SB – Q1c – Law Relating to Banking

State four duties of a bank customer.

Question

Mrs. Ore Nnaji recently opened a bank account and wonders what rights and duties she has on her account.

Required:
State FOUR duties of a bank customer.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Bank Customer, Banking Law, Duties
Level: Level 1

Topic: Law Relating to Banking
Series: MAY 2022

BL – Nov 2022 – L1 – SB – Q3a – Company Law

Stating the duties and conditions for the removal of a company secretary.

Question

The Companies and Allied Matters Act (CAMA) provides that a public company shall have a Company Secretary.

Required:
i. State four duties of a Company Secretary (4 Marks)
ii. State four conditions for the removal of a Company Secretary from office (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Secretary, Duties, Removal
Level: Level 1

Topic: Company Law
Series: NOV 2022

BL – Nov 2019 – L1 – SB – Q5d – Law of Trusts

Identifying the duties of a personal representative in the administration of estates.

Question

In the administration of estates, personal representatives take charge of a deceased’s estate.
Required:
State SIX duties of a personal representative. (6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Deceased’s estate, Duties, Estate Administration, Personal Representative
Level: Level 1

Topic: Law of Trusts
Series: NOV 2019

BL – May 2016 – L1 – SB – Q5a – Company Law

Identify eligible persons for company secretary and outline duties, along with advice on misuse of company resources.

Question

Natural persons run the business of companies, and the principal officers manage them.

You are required to state:

i. TWO persons that could be appointed Secretary of a public company. (2 Marks)

ii. THREE specific duties of a Company Secretary. (3 Marks)

Required:

Advise Mr. Okoruma. (3 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Appointment, Company Secretary, Corporate Governance, Duties
Level: Level 1

Topic: Company Law
Series: MAY 2016

Question Tag: Duties

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TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q13 – Stamp Duties"

BL – Nov 2015 – L1 – SA – Q6 – Company Law

Essential skills required for the exercise of auditor duties.

You're reporting an error for "BL – Nov 2015 – L1 – SA – Q6 – Company Law"

BL – May 2018 – L1 – SA – Q13 – Partnership Law

Identify who fixes the duties of parties in tort.

You're reporting an error for "BL – May 2018 – L1 – SA – Q13 – Partnership Law"

BL – May 2022 – L1 – SB – Q4c – Law of Trusts

Explain five duties of a personal representative in estate administration.

You're reporting an error for "BL – May 2022 – L1 – SB – Q4c – Law of Trusts"

BL – May 2022 – L1 – SB – Q1c – Law Relating to Banking

State four duties of a bank customer.

You're reporting an error for "BL – May 2022 – L1 – SB – Q1c – Law Relating to Banking"

BL – Nov 2022 – L1 – SB – Q3a – Company Law

Stating the duties and conditions for the removal of a company secretary.

You're reporting an error for "BL – Nov 2022 – L1 – SB – Q3a – Company Law"

BL – Nov 2019 – L1 – SB – Q5d – Law of Trusts

Identifying the duties of a personal representative in the administration of estates.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q5d – Law of Trusts"

BL – May 2016 – L1 – SB – Q5a – Company Law

Identify eligible persons for company secretary and outline duties, along with advice on misuse of company resources.

You're reporting an error for "BL – May 2016 – L1 – SB – Q5a – Company Law"

TAX – May 2021 – L1 – SA – Q13 – Stamp Duties

Objective question about the functions of the Commissioner of Stamp Duties.

You're reporting an error for "TAX – May 2021 – L1 – SA – Q13 – Stamp Duties"

BL – Nov 2015 – L1 – SA – Q6 – Company Law

Essential skills required for the exercise of auditor duties.

You're reporting an error for "BL – Nov 2015 – L1 – SA – Q6 – Company Law"

BL – May 2018 – L1 – SA – Q13 – Partnership Law

Identify who fixes the duties of parties in tort.

You're reporting an error for "BL – May 2018 – L1 – SA – Q13 – Partnership Law"

BL – May 2022 – L1 – SB – Q4c – Law of Trusts

Explain five duties of a personal representative in estate administration.

You're reporting an error for "BL – May 2022 – L1 – SB – Q4c – Law of Trusts"

BL – May 2022 – L1 – SB – Q1c – Law Relating to Banking

State four duties of a bank customer.

You're reporting an error for "BL – May 2022 – L1 – SB – Q1c – Law Relating to Banking"

BL – Nov 2022 – L1 – SB – Q3a – Company Law

Stating the duties and conditions for the removal of a company secretary.

You're reporting an error for "BL – Nov 2022 – L1 – SB – Q3a – Company Law"

BL – Nov 2019 – L1 – SB – Q5d – Law of Trusts

Identifying the duties of a personal representative in the administration of estates.

You're reporting an error for "BL – Nov 2019 – L1 – SB – Q5d – Law of Trusts"

BL – May 2016 – L1 – SB – Q5a – Company Law

Identify eligible persons for company secretary and outline duties, along with advice on misuse of company resources.

You're reporting an error for "BL – May 2016 – L1 – SB – Q5a – Company Law"

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