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NEW QUESTION: 1
Zed Bank plc has agreed to allow Exe Ltd an overdraft of £50,000 subject to a fixed and floating charge over almost all of the company's assets. In addition, the directors of Exe Ltd have been required to personally guarantee the overdraft.
Which of the following is correct?
(i) The directors could face bankruptcy if they are called upon to honour the guarantee.
(ii) In this case the directors do not enjoy limited liability as they are liable on the guarantee if the company cannot pay.
(iii) The directors could only be required to honor the guarantee if the company's assets proved insufficient to meet the overdraft.
A. (i), (ii) and (iii)
B. (i) and (ii) only
C. (i) only
D. (iii) only
Answer: A
NEW QUESTION: 2
Which of the following are correct in relation to supervisory and management boards of directors?
1 A supervisory board reports to the mangament board in respect of business policy and future strategy
2 A management board is usually made up entirely of executive directors
3 A supervisory board includes employee representatives.
A. 2 only
B. 1 only
C. 1 and 2 only
D. 2 and 3 only
Answer: D
NEW QUESTION: 3
What happens when a Linux based backup job uses the backup method Differential - Using archive bit?
A. A full backup will run.
B. An incremental backup will run.
C. An image backup will run.
D. A differential backup will run.
Answer: A