篩選結(jié)果 共找出680題

?Explain whether Son has grounds to have a court issue an order for the compulsory liquidation of?Jinx Ltd?

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Aspin is the Finance Director of Getz Ltd. The company has recently gone through a severe downturn in its?business and has failed to pay some of its creditors. Six weeks ago, one of the company's creditors, Aero?Ltd, made a written demand for the payment of ￡900. Aspin believes that Getz Ltd may be the subject of a?compulsory liquidation order and seeks advice, he is particularly concerned about the effect of a compulsory?liquidation on the following matters:?

(1) The sale of a company office building that is currently being advertised?

(2) A threatened legal action by one of Getz Ltd's suppliers against the company

?(3) The company's employees?

(4) A number of floating charges that are secured against company inventory?

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【論述題】

?State whether Aero Ltd has grounds for the compulsory liquidation of Getz Ltd?

?Explain the procedure Lazy Days Ltd should follow when appointing an administrator?

?Explain whether an administration order would be granted for Lazy Days Ltd?

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On the advice of his accountant, Mat registered a private limited company to conduct his small?manufacturing business. The initial shareholders of the company were Mat, his wife Mary, and her father?Norm, who each took 1,000 shares in the company, each with a nominal value of ￡1. The accountant?explained that they did not have to pay the full nominal value of the shares at once, so they each paid only?25p per share taken.?

Unfortunately the business has not proved successful and Mat and the other shareholders have decided that?it is better to liquidate the company rather than run up any more debts. The current situation is that the?company's land is worth ￡20,000 (secured with a ￡20,000 loan) and it has further assets to the value of?￡7,750, but it has debts to business creditors of ￡10,000 and owes the bank a further ￡10,000 on its bank?overdraft.?

33

【論述題】

?State the liability of Mat, Mary and Norm in respect of the company's debts?

?Explain how the company's debts will be paid out of its liquidated assets?

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?Earl has been employed by Flash Ltd for the past 20 years. During that time, he has also invested in the?company in the form of shares and debentures. Earl owns 5,000 ordinary shares in Flash Ltd. The shares are?of ￡1 nominal value and are fully paid-up. The debentures, to the value of ￡5,000, are secured by a fixed?charge against the land on which Flash Ltd's factory is built.?

In April it was announced that Flash Ltd was going into immediate insolvent liquidation, owing considerable?amounts of money to trade creditors. As a result of the suddenness of the decision to liquidate the company,?none of the employees received their last month's wages. In Earl's case this amounted to ￡2,000.?

35

【論述題】

?State whether Earl has any right to his unpaid wages?

?State the extent of Earl's liability on his share capital?

State Earl's rights in respect of his debentures?

?Liquidation means that a company must be ___________ and its affairs wound up.?