Which of the following is not a personal right recognised by the courts in respect of the articles of association?

1.   ?    The right to cast a vote at a general meeting
2.   ?    The right to receive a dividend in cash
3.   ?    The right to have all the articles observed.

Which of the following is not an exception to the rule in Foss v Harbottle (1843)?

1.   ?    Personal rights
2.   ?    Special majorities
3.   ?    Fraud on the minority
4.   ?    Unfair prejudicial conduct

In Cook v Deeks (1916) the court held:

1.   ?    The act of the directors could not be ratified by the company
2.   ?    The act of the directors could be ratified by the company
3.   ?    The directors had acted in good faith in the interests of the company
4.   ?    The minority shareholder was prevented from bringing an action due to the rule in Foss v Harbottle (1843)

In Smith v Croft (1987), the court held:

1.   ?    The majority shareholder could rely on the rule in Foss v Harbottle (1843) in order to prevent a derivative claim being brought.
2.   ?    A minority shareholder was able to prevent a derivative claim being brought by another minority shareholder
3.   ?    There was no evidence of fraud for the purpose of a derivative claim
4.   ?    The evidence justified a petition under s 459 CA 1985

Ebrahimi v Westbourne Galleries (1972) the House of Lords held any director-shareholder of any company, who is removed from office, is entitled to relief under s 122(1)g Insolvency Act 1986?

1.   ?    True
2.   ?    False

59 CA 1985 provides for relief on the following basis:

1.   ?    he just and equitable ground
2.   ?    Unfair prejudicial conduct
3.   ?    equitable conduct
4.   ?    each of fiduciary relationship

What is the most common remedy that a court is likely to grant under s 461 CA 1985?

1.   ?    Reinstatement
2.   ?    Injunction
3.   ?    Damages
4.   ?    Buy out order

What is the most common ground for bringing a s 459 petition?

1.   ?    Expropriation of corporate assets
2.   ?    Excessive remuneration
3.   ?    Exclusion from management
4.   ?    Loss of confidence

In Re London School of Electronics (1988), the court held that the minority shareholder’s petition for relief under s 459 was barred owing to his own conduct?

1.   ?    True
2.   ?    False

Which of the following is not a power which the Secretary of State can exercise?

1.   ?    To investigate suspected cases of insider dealing
2.   ?    To order an investigation into the affairs of a company
3.   ?    To wind up a company where in the public interest to do so
4.   ?    To bring a s 459 petition on behalf of minority shareholders