Inwhichofthefollowingcircumstanceswilladirectorbepersonallyliableforthedebtsofthecompany? 

A Wherethecompany'sArticlesofAssociationstatethattheyareliable 

B Whereacreditorhastoldthemtheyareliable 

C Wheretheyhavebreachedtheirfiduciaryduties 

 Towhichofthefollowingdoesadirectorowetheirstatutoryduties? 

A Thememberspersonally 

B Thecompanyasawhole 

C Theboardofdirectors 

 IdentifythetypeofchargethatwascreatedoverMillyLtd'stradereceivables 

WhichTWOofthefollowingareadvantagesofusingadebenturetrustdeed? 

(1)Thedeedcreatesachargeorchargesoverthecompany'sassetswhichcreatessecurity 

(2)Asingletrusteeofthedebentureholdersisappointedsothecompanyonlyhastodealwithone person 

(3)Debenturescoveredbyadebenturetrustdeedhaveahigherpriorityofrepaymentonliquidationthan debenturesnotcoveredbyadeed 

(4)Theprocessofsellingadebenturecoveredbyadebenturetrustdeedissubstantiallyfasterthanthe processofsellingadebenturenotcoveredbyadebenturetrustdeed. 

A 1and2 

B 1and4 

C 2and3 

D 3and4 

StatewhichofthefloatingchargeswilltakepriorityifMillyLtdisliquidated 

Whichtypeofdividendispaidbytheissueofadditionalshares? 

A Scripdividends 

B Capitaldividends 

C Equitydividends