Exam quiz of Legal Aspects in Accountancy (aue1601)

THIS QUIZ WAS TAKEN FROM 2022 TO 2025 JUNE EXAM....PLEASE ENJOY THIS
FUN MODULE. TOPIC 1 TO 3.


1. How long does a company have to ratify a contract that was entered into. before the
company was incorporated? TOPIC 1
A) Within one month after the date on which the company is incorporated
B) Within two months after the date on which the company is incorporated
C) Within three months after the date on which the company is incorporated
D) Within six months after the date on which the company is incorporated
ANSWER: C


2. Which document is known as the founding document of a company? TOPIC 1
A) Articles of association
B) Memorandum of Incorporation
C) Companies Act
D) Companies Regulation
ANSWER: B


3. How long does a company have to satisfy the Commission that it should be allowed
to continue operating its business, after being issued with a notice that there is
reason to believe that the company is conducting its business recklessly? TOPIC 1
A) within 10 business days
B) within 15 business days
C) within 20 business days
D) within 21 business days
ANSWER: C


4. How long does a company have to prepare its annual financial statements after