Legal Tests – NBC Institute

BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

Question

Under the Companies and Allied Matters Act, the tests for insolvency do NOT include
A. Inability of a company to pay a debt exceeding ₦2,000 three weeks after demand
B. The existence of court process issued in respect of a judgment debt
C. A court ruling that the company is unable to pay its debts
D. The existence of company’s liability in excess of its assets
E. Outstanding debts owed by the company in excess of one billion naira

Answer

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Tags: Company Law, Insolvency, Legal Tests
Level: Level 1

Topic: Company Law
Series: MAY 2017

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

Question

The Companies and Allied Matters Act makes copious provisions for corporate insolvency in Nigeria.
Required:
State THREE tests of corporate insolvency in Nigeria.

(6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: CAMA, Corporate Insolvency, Financial Insolvency, Legal Tests
Level: Level 1

Topic: Contract Law
Series: MAY 2024

BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Company Law, Insolvency, Legal Tests
Level: Level 1

Topic: Company Law
Series: MAY 2017

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

Question

The Companies and Allied Matters Act makes copious provisions for corporate insolvency in Nigeria.
Required:
State THREE tests of corporate insolvency in Nigeria.

(6 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: CAMA, Corporate Insolvency, Financial Insolvency, Legal Tests
Level: Level 1

Topic: Contract Law
Series: MAY 2024

Question Tag: Legal Tests

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BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

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BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

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BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

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BL – May 2017 – L1 – SA – Q6 – Company Law

Identifying non-inclusion in the tests for insolvency under Companies and Allied Matters Act.

You're reporting an error for "BL – May 2017 – L1 – SA – Q6 – Company Law"

BL – May 2024 – L1 – SB – Q2a – Company Law

State three tests of corporate insolvency under the Companies and Allied Matters Act (CAMA).

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