- Study guides, Class notes & Summaries

BLP SGS 6: Company constitution Questions and Answers correct Is it possible to amend the notice period of board meetings? Yes. The CA 2006 does not prescribe any specific time period, but instead the default position of length and manner of notice is given in Browne v La Trinidad [1887]. No difficulty prescribing either the time or manner of notice. Is it possible to remove the power of the chairman to break ties? Yes, the power of the chairman to break ties is contained solely within...

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3 pages

Written in 2024/2025

Grade A+

Pogba119

PLP SGS 6 Unregistered title Questions and Answers What does the root of title mean? The "root of title" is significant to determine whether or not the Land Registry will accept the seller's title over the land as effective. What is meant by good title? 1. It must be conveyed before the 1st December 1990, which is the date of compulsory first registration. This is because you need only provide evidence (or a chain of contracts) going back fifteen years in the case of unregiste...

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3 pages

Written in 2024/2025

Grade A+

Pogba119

SGS 9 - Security: Risks Questions and Answers correct Considerations for upstream/ cross stream collateral BPP Benefit Power Prejudice Benefit What will bank want to see S.172(1): duty to promote the success of the company. Company granting the security must derive some corporate benefit. Particularly important where the company is not the borrower (security to a parent (upstream) or another company at the same level (cross stream)). Bank will want to see copies of...

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7 pages

Written in 2024/2025

Grade A+

Pogba119

PLP - EXAM REVISION Questions and Answers correct When is an old lease? When is a new lease? - Old, before 1/1/1996 - New, on or before 1/1/1996 What're the 3 types of tenant covenants? - Absolute, 'Not to do X' - Qualified, 'Not to do X without L's consent' - Fully Qualified, 'Not do X without L's consent, which will not be unreasonably withheld' How to deal with the 3 tenant covenants? - Absolute, need express consent from L (usually by way of li...

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6 pages

Written in 2024/2025

Grade A+

Pogba119

BLP SGS 5 Company Procedure Questions and Answers correct Who call call a board meeting? + authority MA 9(1) Any director, by giving notice to the directors. What notice is required for a board meeting? Whatever notice is reasonable - Brown v La Trinidad The notice must contain certain information - MA9 (2) What is the quorum for a board meeting + authority? Never less than two. MA 11(2) Nothing is to be voted on unless a quorum is present. How are board resolu...

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4 pages

Written in 2024/2025

Grade A+

Pogba119

BLP- SGS 11 Questions and Answers This section applies to the ratification by a company of conduct by a director amounting to a negligence, default, breach of duty or breach of trust in relation to the company. s.239(1) the decision of the company to ratify such conduct must be made by resolution of the members of the company. s.239(2) Where the resolution is proposed as a written resolution neither the director (if a member of the company) nor any member connected with him is a...

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4 pages

Written in 2024/2025

Grade A+

Pogba119

LSCM 4540 First Exam Questions and Answers correct Kodak, IBM and others made strategic mistakes when they underestimated how new technologies change the way we work. T Honeywell's 1969 kitchen computer cost $10,000 and came with a free two-week course in programming. T With augmented reality glasses, it will be possible to simply spot any technical defect of products coming off the manufacturing line. F Firms such as IBM or Kodak have missed major shifts in technolog...

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6 pages

Written in 2024/2025

Grade A+

Pogba119

LSCM 4540 Exam 2 Questions and Answers correct There are number of advanced technologies that can be used during picking. Please select all that apply. - RFID - Barcoding - Pick by Light - Pick by Voice A so called Allocation Zone is a temporary storage of goods, which have just arrived or will be shipped soon. True In SAP, Inventory Management (IM) is intended for light warehousing applications that do not require advanced functionality. True An inventory count is th...

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7 pages

Written in 2024/2025

Grade A+

Pogba119

BLP - SGS 2 (LPC/BPP) Questions and Answers correct When must copies of resolutions forming part of a company's constitution be sent to CH under s 30 CA 2006? Within 15 days after being passed What does s 29(1)(a) CA 2006 stipulate? Special resolutions form part of a company's constitution How may a company change its name under s 77 CA 2006? By special resolution or by another means provided for in its Articles What does s 188 CA 2006 stipulate? Members of a comp...

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2 pages

Written in 2024/2025

Grade A+

Pogba119

OCR A-Level Law - Vicarious Liability (AO1) Questions and Answers correct What is the definition of Vicarious Liability? Vicarious Liability is a strict liability tort which imposes liability onto an employer for any unintentional tort committed by an employee, or someone akin to an employee, during the course of their employment. What is an unintentional tort? Any civil wrong committed without intent, such as negligence or malpractice. What is the difference between a contract ...

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2 pages

Written in 2024/2025

Grade A+

Pogba119

PROPERTY: SGS 1 - Investigating Registered Title Questions and Answers correct SGS 1: Learning Outcomes Complete an investigation of a registered title with minimal supervision; Identify issues of concern to the buyer; Understand why such issues are a concern; Find solutions to those issues What constitutes TITLE to registered land? Title is deduced by collating the title documents and investigating the property (in line with the caveat emptor principle) - Official Copies...

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10 pages

Written in 2024/2025

Grade A+

Pogba119

PLP SGS 10: Alienation Questions and Answers What are alienation clauses? Alienation clauses are used by the landlord to restrict the tenant's ability to assign or underlet their leasehold estate. Alienation is a catch-all phrase which includes assignment, underletting, parting with possession, sharing, mortgaging or surrendering the property. The difference between assignment and underletting is whether there is a grant of a new lease by the tenant OR if the pre-existing lease is assigned...

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2 pages

Written in 2024/2025

Grade A+

Pogba119

PLP SGS 8: Repair, insurance and landlord's remedies Questions and Answers What is the grant of a new lease? Grant of a lease is the creation of a new lease where assignment is the transfer of an existing lease. What are the objectives of the landlord? The landlord wants "clear rent" or a 'clear income stream', which is that any expenditure on the property is added to the tenant's rent so that they are not reducing their earnings on the property. The obligation to pay...

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5 pages

Written in 2024/2025

Grade A+

Pogba119

PLP: SGS 9 Questions and Answers What is the difference between a qualified and a fully qualified covenant?​ Qualified: tenant is merely restricted. He may undertake the action with landlord's consent. - eg. The Tenant will not carry out any alterations to the Property without the Landlord's consent. Fully qualified: Prohibits tenant from undertaking the action without Landlord's consent AND • Landlord can't unreasonably withhold consent. Eg. The Tenant will not carry out ...

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5 pages

Written in 2024/2025

Grade A+

Pogba119

PLP SGS 11 - Rent Review & Alienation Questions and Answers correct What is the purpose of rent review? To keep the rent in line with local market rents for similar properties by adjusting it regularly. Rent review is very common amongst leases with terms of greater than 10 years, simply because local market rent rates will vary greatly across such a period What are the possible types of rent review? Index linked Turnover Stepped increase Open market What is open market rent ...

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3 pages

Written in 2024/2025

Grade A+

Pogba119

PLP/LPC/BPP SGS 8 CONTENT OF LEASE I Questions and Answers 3. L serve a s. 146 notice specifying the breach and giving T a reasonable to comply to comply with the terms of the lease 4. T may seek the protection of the Leasehold Property (Repairs) Act 1938 T can apply to the court and L would have to go to court to prove, amongst other things, the forfeiture was reasonable. 5. An action against T can arise at any time during the life of the lease Right to take action against a ...

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1 pages

Written in 2024/2025

Grade A+

Pogba119