NATIONAL OPEN UNIVERSITY OF NIGERIA

91 CADASTRAL CLOSE, AIRPORT ROAD, JABI, ABUJA

FACULTY OF LAW

DEPARTMENT OF COMMERCIAL LAW

NOVEMBER 2018 EXAMINATION

COURSE CODE:      MBA804                                                                         CREDIT UNITS:                2

COURSE TITLE:     BUSINESS AND COMPANY LAW

INSTRUCTIONS:    1. Indicate your Matriculation Number clearly

2. Attempt question one (1) and any other three (3) questions – four questions in all
3. Question one (1) is compulsory and carries 25marks, while the other questions carry 15marks each.
4. Present all your points in coherent and orderly Manner

TIME ALLOWED: 2^1/2 HOURS

1. Shade approached a bank for a loan of One Million Naira to set up her clothing company – Unique Company Ltd. The loan was eventually granted to Unique Company Ltd on 2^nd January 2017, payable by December 31^st  The money was disbursed as follows: 31^st march 2017- company registration of N100,000, 16^th April 2017 – acquisition of office space and rent of N500,000,  17^th April 2017 – Raw materials of N300,000, 1^st May 2017 – office renovation of 100,000. As at this morning, she has only been able to repay N500,000.  The bank intends to bring an action for recovery of unpaid loan.  Discuss and advice the parties on their liabilities.                                                                                                                               [Compulsory, 25marks]

2. Aquila intends to register a Limited Liability Company. Advise him on the necessary steps he needs to take in the registrations of his company.                                        [15marks]

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NATIONAL OPEN UNIVERSITY OF NIGERIA

14/16 AHMADU BELLO WAY, VICTORIA ISLAND, LAGOS

SCHOOL OF MANAGEMENT SCIENCES

MARCH/APRIL 2014 EXAMINATION

 
Course Code:  MBA804                                                                                           Credit Unit: 3
Course Title:   Company Law
Time Allowed: 2 hours 30 mins
Instruction:
Attempt question one and any three questions of your choice. Question one carries 25 marks while others carry 15 marks each. Present your answer in coherent and orderly manner.
 
QUESTIONS
1.      a. If you were appointed as a secretary of a new company and you were mandated to describe to the Board of Directors the position of the Law in respect of the first meeting that should be held, what should be your submission?
b. What do you understand by the term ordinary resolution?
2.  a. Identify and explain what makes the Corporate Affairs Commission a corporate body.
b. If someone who does not know what partnership is, is considering embarking on a
partnership with you, what would you want him to know about partnership?
3.      Briefly outline and describe the content of the memorandum of association of a company limited by shares.
 
4.      Mention three (3) categories of authorized share capital and explain
 
5.      a. Describe the provision of the Law with regards to annual general meeting.
b. Is a limited liability company different from any other kind of business? Briefly discuss.
6.    The decisions of a company take the form of resolutions. Would you be of the opinion that special resolution is different from ordinary resolution? Discuss.
You can get the exam summary answers for this course from 08039407882

Check anoda sample below