1 BUSL301 Sample/Revision Questions
Note that the tutorial questions in the unit are a very good place to practice your ability to apply your law.
What follows are sample/revision questions. They do not necessarily indicate the content or complexity of the actual exam or the length or number of questions - however, they do allow you to practice the skills you will need. These questions are for your private study and revision purposes the content in the sample questions is very similar to the material covered in the relevant class and is accessible in the texts accordingly; you should be aware of the issues relevant to the questions and be able to revise and check your responses/answers for yourself.
You can also prepare for the exam by setting out questions for yourself and then writing short answers, for example: Why do directors have fiduciary duties? What is a civil penalty? After a little study, you can make up lots of questions like these and then write a few lines worth of answers. Don't use your texts to help answer (the final exam is a closed book, and you should get used to responding to questions without needing your text beside you). The benefit is in using what you know and modifying it so that your response is as precise as possible.
See iLearn for a copy of the cover sheet, which includes exam instructions.
There are guidance suggestions on how to approach these questions in a separate document on iLearn 2 PART A MULTIPLE CHOICE QUESTIONS. THIS PART IS WORTH 30 MARKS. THERE ARE 15 QUESTIONS.
CHOOSE ONE ALTERNATIVE ANSWER FOR EACH QUESTION.
ALL QUESTIONS IN THIS PART MUST BE ANSWERED.
QUESTION 1.
Manchester Metropolitan Holdings Ltd has made an off-market bid for Manchester City Coal. Which one of the following is false:
a) The bid can be proportional.
b) The bid can be conditional c) Manchester City Coal Limited must be listed on the ASX d) Manchester Metropolitan Holdings can offer its shares as part of the bid QUESTION 2.
Which of the following cannot bring an action against a director who has breached the duty to prevent insolvent trading?
a) The company itself b) The Australian Securities and Investment Commission c) The liquidator of the company d) A creditor of the company with court permission QUESTION 3.
Which one of the following is false?
a) A voluntary administrator can be appointed by directors or shareholders.
b) A voluntary administrator may remove a director from office, appoint a director, do anything in the company's name and on its behalf, and do whatever else is necessary as part of his job.
c) A voluntary administrator may dispose of the business and property of the company without convening a general meeting of members.
d) A voluntary administrator is personally liable for the payment of rent on property leased before his appointment from the seventh day of his appointment.
QUESTION 4.
A company director may be removed from office by:...
