Which of the following may cause a director to be disqualified from acting as a director under the Company Directors Disqualification Act 1986?
(i) Persistent default by the director in complying with the filing requirements under the Companies Acts.
(ii) Causing a company to continue to trade at a time when the director ought to know that insolvency is inevitable.
(iii) Carrying on business with intent to defraud creditors.

• A.(i) and (ii) only
• B.(i), (ii) and (iii)
• C.(i) only
• D.(ii) only

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Which of the following statements is correct in relation to a misrepresentation?

• A.A misrepresentation is a false statement of fact or opinion made by one person to another before a contract is formed and which causes the contract to be automatically cancelled
• B.If a person can show that he or she was induced to contract by a misrepresentation then a court must grant a remedy, irrespective of the time taken to commence the action against the misrepresents.
• C.A person selling goods may be hekJ liable in misrepresentation if he or she remains silent during the negotiations and fails to correct any misunderstandings on the part of the buyer
• D.If one person attempts to persuade another to enter into a contract by misrepresenting the facts, the intended victim will have a remedy, unless the misrepresentation did not induce the intended victim to contract

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Which of the following is correct?
i. A company intending to issue new shares for cash must first offer them to the existing shareholders.
ii. A company may dispense with the requirement to offer new shares to existing shareholders by passing a special resolution.
iii. A company issuing shares for a non-cash consideration is not required to offer the shares to the existing members first.

• A.(i) only
• B.(i), (ii) and (iii)
• C.(ii) only
• D.(ii) and (iii) only

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Which TWO of the following are reasons why a company would choose to introduce a values based code of ethics?

• A.To improve the cost efficiency of internal processes
• B.To help staff to tackle the ethical dilemmas that they might face at work
• C.To provide guidance for staff
• D.To identify gifted staff

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Which TWO of the following are NOT directly relevant to a system of professional ethics?

• A.Family commitments
• B.Religious morality
• C.Personal friendships
• D.Career development
• E.Political morality

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