Which of the following statements is correct?Group of answer choicesThe legal duties for directors under Corporation Act and CATSI Act are different.

Which of the following statements is correct?Group of answer choicesThe legal duties for directors under Corporation Act and CATSI Act are different.CATSI corporations cannot issue shares to raise capital.A non-Aboriginal or non-Torres Strait Islander cannot sit on the board of a CATSI corporation.Corporations registered under the CATSI Act are regulated by the Australian Securities and Investment Commission.

Multiple Choice QuestionWithin a corporation, who has fiduciary duties?Multiple choice question.only the board of directorsall individuals within the corporationa foreign agent of a competing corporationthe Governor General

Which of the following statements is NOT correct?Group of answer choicesIncorporated associations can sue and be sued under their own nameIncorporated associations have a restriction on the ability to carry on a business or a tradeIncorporated associations can enter into contractsThe committee members in an incorporated association are generally liable for the debt of the associations

Which of the following statements is INCORRECT?Group of answer choicesPartners have a duty to act in good faith in the best interests of the partnershipPartners are agents of each otherPartners receive a share of the product of the undertakingPartners are jointly liable for contract entered into on behalf of the partnership

Which of the following statements are FALSE? Select all that apply.Group of answer choicesA shareholder of a company may hold shares beneficially or as nominee in AustraliaThe ‘chain of corporate entities’ may be located in different jurisdictions or countriesA nominee shareholder may not be a companyPeople with an interest in a company are defined as those who own 25% or more of the sharesIn Australia, a bearer share certificate can be used to transfer legal and beneficial ownership of an Australian company