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TABL 2741 BUSINESS ENTITIES
PRACTICE Examination
ANSWER ALL QUESTIONS (TOTAL: 50 MARKS)
Note: Questions 1-6 are worth 5 marks each (total of 30 marks); Question 7 is worth 20 marks.
Question 1
Explain how a company, a legal fiction, can contract and be bound to a defective contract.
Question 2
Chapter 6D of the Corporations Act 2001 (Cth) emphasises the value of disclosure. Therefore, all companies must issue a
fundraising document when raising funds from the public. Do you agree? If so, why? If not, why?
Answer with reference to the Corporations Act 2001 (Cth).
Question 3
The future of the annual general meeting was under the threat of abolition by the government.
Explain the relevance and operation of the annual general meeting, under the Corporations Act 2001 (Cth), for company members.
Question 4
The statutory provisions dealing with statutory demands are the most litigated in the entire Corporations Act 2001 (Cth).
With reference to the statute, explain the purpose and operation of a statutory demand.