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NEW QUESTION: 1
The directors of Zed Ltd issued a number of shares to their supporters, so that they would vote against a takeover bid by Exe Ltd.
Which of the following statements is INCORRECT?
A. If the directors had the legal authority to issue shares, the issue cannot be challenged by the shareholders.
B. The share issue is voidable and the original shareholders may ratify or cancel the issue by ordinary resolution.
C. If the shares were issued for a non-cash consideration, they were not subject to the statutory pre- emption rights of shareholders unless the articles of association so provided.
D. If the shares were issued for cash, they should have first been offered to the existing members in proportion to their current shareholding unless statutory pre-emption rights have been dis-applied.
Answer: A

NEW QUESTION: 2

A. Option C
B. Option B
C. Option A
D. Option D
Answer: B,D

NEW QUESTION: 3
All processes in a project are required to share custom, constantly modified error codes for error reporting across deployments and multiple engines. Which type of variable should hold these error codes?
A. Process Variables
B. Shared Variable
C. Job Shared Variable
D. Global Variables
Answer: B