Question 1
Under Section 11 of the Companies Act, 2019 (Act 992), within what timeframe must a company ratify a pre-incorporation contract after its formation to assume rights and liabilities under it?
Correct Answer:
Within 18 months
Question 2
Which of the following describes the legal relationship between a promoter and the company they are engaged in forming under Ghanaian company law?
Correct Answer:
A fiduciary relationship
Question 3
In the landmark Ghanaian case of Morkor v Kuma [1998-99] SCGLR 620, what guiding principle did the Supreme Court reinforce regarding the piercing of the corporate veil?
Correct Answer:
The corporate veil will only be pierced where the company was used as a sham, device, or to commit fraud.
Question 4
Under the Companies Act, 2019 (Act 992), what is the minimum number of directors that every company registered in Ghana must have at all times?
Correct Answer:
Two directors
Question 5
What is the minimum age requirement for a person to be appointed as a director of a company under the Companies Act, 2019 (Act 992)?
Correct Answer:
18 years
Question 1
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Prepare with the GSL Company & Commercial Practice Questions - Ghana School of Law PLC Company and Commercial Practice (GLC) Exam practice quiz. This question bank includes 100 questions covering company, companies, section, ghanaian, and director. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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GSL Company & Commercial Practice Questions - Ghana School of Law PLC Company and Commercial Practice (GLC) Exam

This practice set contains 100 questions from the matching question bank and focuses on company, companies, section, ghanaian, and director. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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