A written partnership contract is known as?
A. an invoice B. a deed C. a prospectus D. a proposal Correct Answer: Option B – a deed
The strategy adopted by a firm that ceases to operate at one or more locations because of inactivity is?
A. rejuvenation B. focus C. diversification D. consolidation Correct Answer: Option C – diversification
An action taken by a company outside its object clause is regarded as?
A. ultra vires B. a trespass C. uberrima fides D. caveat emptor Correct Answer: Option A – ultra vires
Authorized share capital is also known as?
A. called-up share capital B. paid-up share C. registered share capital D. issued share capital Correct Answer: Option C – registered share capitalProducts
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