A document evidencing a company's indebtedness, usually secured

A government grant to companies

A certificate confirming incorporation

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Free ACCA Corporate and Business Law Practice Questions & Answers

400 exam-style Corporate and Business Law questions. Pick your answer, hit Check answer, and see the worked solution — free to start, no signup.

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Question 271

What does it mean for a preference dividend to be 'cumulative'?

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Question 272

A 'bonus issue' of shares means:

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Question 273

A 'rights issue' of shares means:

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Question 274

What does 'nominal value' (or 'par value') of a share mean?

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Question 275

When shares are issued at a premium, the excess over nominal value is credited to:

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Question 276

Which of the following restrictions applies to the use of the share premium account?

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Question 277

Companies are generally prohibited from issuing shares at a discount to their nominal value because:

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Question 278

A 'debenture' is:

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Question 279

The key difference between a fixed charge and a floating charge is that:

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Question 280

Company charges must be registered at Companies House within how many days of their creation?

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Question 281

What is the consequence of failing to register a company charge within the required period?

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Question 282

The doctrine of 'capital maintenance' is designed to:

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Question 283

A company can lawfully pay a dividend to shareholders only from:

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Question 284

An unlawful dividend is one that:

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Question 285

A company can lawfully reduce its share capital by:

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Question 286

A company wishing to buy back its own shares must generally:

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Question 287

Treasury shares are shares that a company:

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Question 288

In which order are creditors typically paid on a company's winding up?

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Question 289

Preferential creditors on insolvency include:

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Question 290

A company is deemed 'insolvent' when:

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Question 291

A 'members' voluntary liquidation' (MVL) is used when:

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Question 292

A 'creditors' voluntary liquidation' (CVL) occurs when:

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Question 293

A 'compulsory liquidation' is most commonly petitioned for by:

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Question 294

The role of a liquidator in a winding up is to:

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Question 295

Administration as a rescue procedure aims to:

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Question 296

An administrator can be appointed by:

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Question 297

A moratorium on legal action against a company begins:

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Question 298

Insider dealing is the practice of:

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Question 299

Market abuse under the Financial Services and Markets Act 2000 can include:

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Question 300

Money laundering involves:

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Free ACCA Corporate and Business Law Practice Questions & Answers

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