Statewhichofthepartiesisadefactodirector 

WhichofthefollowingMUSTbecreatedusingadebenturetrustdeed? 

A Asingledebenture 

B Debenturestock 

C Seriesdebentures 

D Registerofdebentureholders 

WhichTWOofthefollowingareadvantagesofusingadebenturetrustdeed? 

(1)Thedeedcreatesachargeorchargesoverthecompany'sassetswhichcreatessecurity 

(2)Asingletrusteeofthedebentureholdersisappointedsothecompanyonlyhastodealwithone person 

(3)Debenturescoveredbyadebenturetrustdeedhaveahigherpriorityofrepaymentonliquidationthan debenturesnotcoveredbyadeed 

(4)Theprocessofsellingadebenturecoveredbyadebenturetrustdeedissubstantiallyfasterthanthe processofsellingadebenturenotcoveredbyadebenturetrustdeed. 

A 1and2 

B 1and4 

C 2and3 

D 3and4 

Whichtypeofdividendispaidbytheissueofadditionalshares? 

A Scripdividends 

B Capitaldividends 

C Equitydividends 

 Towhichofthefollowingdoesadirectorowetheirstatutoryduties? 

A Thememberspersonally 

B Thecompanyasawhole 

C Theboardofdirectors 

StatewhichofthefloatingchargeswilltakepriorityifMillyLtdisliquidated