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A company incorporated with the sole aim of applying the income and property towards the promotion of its objects is considered to be;
The total liability of the members of a company limited by guarantee to contribute to the asset of the company in the event of it being wound up should not at any time be LESS than;
Which of these documents traditionally form the constitution of a company?
The doctrine of Judicial precedents is an invention of;
Which of the following is not an attribute of a valid customary law?
A company’s auditor can be removed from office before the expiration of his term by
The body of law which establishes rights between persons and provides for redress for violation of those rights is known as:
Where the subject matter of a contract is non-existent at the time of the contract and the fact is known to the parties, the contract will be;
In creating an Agency of Necessity, one of the following conditions must hold true;
All business transacted at an extraordinary meeting shall be deemed
What is the term given to a member of a company who did not vote in favour of a merger Scheme?
The provision of which document determines whether or not a company’s act is Ultra vires?
State the appropriate person that takes over the property of a bankruptcy in the proceedings.
Membership of board should not be less than
Whistle blowing policy is to checkmate
An Accommodation Bill is:
A Quasi endorser of a bill is:
The payee or endorsee of a bill or note who, is in possession of it or bearer of it is:
One of the following statements is wrong:
The person who is named on a cheque or where bearer is written; is the:
______ refers to a group or association of people, usually authorised by some form of agreement, acting as an individual (i.e. the group) especially in business and civic activities.
______ is the act, manner or functioning of the rules, guidance and controls which determine a course of action through an intended or emergent system of processes.
An _________ is someone to whom a principal has delegated decision making authority.
At least________ number of non-executive board members should be independent directors.
Why should a non-executive director not remain on seat for more than 3 terms of 4 years?
_______behaviour tends to arise when mangers decide to put the attainment of their own personal goal, or goals of the organization above fundamental rights of one or more stakeholder group.
The wrong of withholding the immediate possession of goods from one who is entitled to the goods is known as ……………….
______is the set of rules, guidance and controls that determine the course of individual actions within a collective group.
External audit of the account of a limited liability company is required by …….
………… is the set of mechanisms that regulate, oversee, direct and control human behaviour with the intent of ensuring that collective and individual behaviour within a group meets the norms expected by society.
The interest of a shareholder in a company measured by a sum of money is known as___
The person appointed by court to conduct proceeding in winding up of a company is called________
A person that is alive at the death of a deceased and, entitled to the property of the deceased is known as ________
What type of company must engage the service of a professional as company secretary?
The body established to, among other functions, determine the political, economic and social objectives of privatization and commercialization of public enterprise____________
The agency that is charged with the responsibility of insuring commercial bank depositor’s funds is the …………….
The “Banker’s Banker” is the …………………
The NDIC has the power to investigate any case of financial crime and to prosecute suspects. True or False
The only body that has the statutory power of exercising close control of the Nigerian Financial system is the ……………….
The Banking Act requires all banks to render monthly reports or returns to the CBN not later than ……………. days into the ensuring month.
Corporate governance was more straight forward back in the day when roles were defined simply as “management acts, the board oversee”. But today, that approach may not hold up not when boards are scrutinized from all side by regulators, shareholders, the media, and analysts, to name but a few.
In line with the above statement, outline and discuss five (5) roles of the board of directors.
This response will be awarded full points automatically, but it can be reviewed and adjusted after submission.
Mention the (3) three institutions that are the main regulators of the Nigerian Banking Sector, and write briefly on the role of each regulator mentioned in 3a.
This response will be awarded full points automatically, but it can be reviewed and adjusted after submission.
Mr Eniola and Dr Justice are Nigerians and they want to form a company to be called JUSENI Ltd. To produce and market cement. Mr Eniola and Dr Justice will be the 1st subscribers of the N2,000,000 in ratio of 50:50. Their company address is Kaduna Central Market, No. 3 Kaduna while their residential addresses are No. 4 Market Road Kaduna and No. 7 Kundu Road Kano respectively. They are all businessmen that are in dire need of establishing a company of this nature. Answer the following:
This response will be awarded full points automatically, but it can be reviewed and adjusted after submission.
An individual or Business organisation known as “Agency” provides a particular service on behalf of another, i.e. Business enterprises or Government.
(a) Outline and explain five (5) of such Agencies
(b) Describe briefly five (5) types of Agent.
This response will be awarded full points automatically, but it can be reviewed and adjusted after submission.