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Find Related Questions by Tags, levels, etc.
ONE of the ways in which the life of a company may be terminated is by
A. Burning and shredding the books of the company
B. Changing the locker and keys on the main entrance doors
C. Putting security men on the premises
D. Voluntary winding-up by members
E. Putting notice of winding-up in the daily newspaper
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b. A limited liability company based in Ibadan employed the services of two accountants to work in the organization. The letters of appointment given to the accountants contain a clause that the new employees will be on probation for a period of 6 months.
Required:
i. Explain the clause in the letters of appointment, which states that the new employees will be on probation for a period of 6 months. (4 Marks)
ii. State what would happen if the employment of the two accountants was for an indefinite period. (2 Marks)
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The Companies and Allied Matters Act provides for freedom of association with business organisations.
Required:
i ) State THREE grounds upon which a member of a limited liability partnership may cease to become a member of the organisation. (6 Marks)
ii) The Received English Law has three components.
Required:
State TWO types of Received English Law. (4 Marks)
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Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
b) Komosa Limited entered into a Hire- Purchase agreement with Mr. Gyeabour over a car. The agreement was to last for a period of 4 years of monthly instalment. The instalment arrangements went on for three and half years till Mr.Gyeabour decided to terminate the arrangement and stopped paying the instalment. For the remaining period, the Company had no news of Mr. Gyeabour or the car. When the car was later found, the air conditioning compartment was in a bad state of disrepair. The Company now intends to sue Mr. Gyeabour who has resurfaced. Mr. Gyeabour is now pleading with the Company for mercy.
Required:
i) Describe TWO basic requirements that should be outlined in a Hire Purchase Agreement. (4 marks)
ii) Explain to Mr. Gyeabour TWO steps he should have taken in respect of the termination and the damaged car under the Hire-Purchase Act, 1974 NRCD 292. (6 marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
ONE of the ways in which the life of a company may be terminated is by
A. Burning and shredding the books of the company
B. Changing the locker and keys on the main entrance doors
C. Putting security men on the premises
D. Voluntary winding-up by members
E. Putting notice of winding-up in the daily newspaper
Find Related Questions by Tags, levels, etc.
b. A limited liability company based in Ibadan employed the services of two accountants to work in the organization. The letters of appointment given to the accountants contain a clause that the new employees will be on probation for a period of 6 months.
Required:
i. Explain the clause in the letters of appointment, which states that the new employees will be on probation for a period of 6 months. (4 Marks)
ii. State what would happen if the employment of the two accountants was for an indefinite period. (2 Marks)
Find Related Questions by Tags, levels, etc.
The Companies and Allied Matters Act provides for freedom of association with business organisations.
Required:
i ) State THREE grounds upon which a member of a limited liability partnership may cease to become a member of the organisation. (6 Marks)
ii) The Received English Law has three components.
Required:
State TWO types of Received English Law. (4 Marks)
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
Find Related Questions by Tags, levels, etc.
b) Komosa Limited entered into a Hire- Purchase agreement with Mr. Gyeabour over a car. The agreement was to last for a period of 4 years of monthly instalment. The instalment arrangements went on for three and half years till Mr.Gyeabour decided to terminate the arrangement and stopped paying the instalment. For the remaining period, the Company had no news of Mr. Gyeabour or the car. When the car was later found, the air conditioning compartment was in a bad state of disrepair. The Company now intends to sue Mr. Gyeabour who has resurfaced. Mr. Gyeabour is now pleading with the Company for mercy.
Required:
i) Describe TWO basic requirements that should be outlined in a Hire Purchase Agreement. (4 marks)
ii) Explain to Mr. Gyeabour TWO steps he should have taken in respect of the termination and the damaged car under the Hire-Purchase Act, 1974 NRCD 292. (6 marks)
Find Related Questions by Tags, levels, etc.
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