BA4 Exam Dumps : Fundamentals of Ethics, Corporate Governance and Business Law

A person who signs a contract is deemed to have read it.

A person is assumed to know of a term of which he has been given reasonable notice at or before the time of the contract.

A person seeking to rely upon an onerous clause must show that he has taken sufficient steps to bring the clause to the other party's attention.

A person cannot be bound by an onerous clause.

The head of the audit must report to a high level within the organisation.

The internal audit activity must be free from interference.

The head of the internal audit must communicate and interact directly with the board of directors.

Any problems identified during the audit should be reported.

Action plans should be negotiated with management in order to address any identified problems.

The company must pass a special resolution to authorize the reduction of capital.

The reduction must be approved by the court.

It is not necessary for the company’s Articles of Association to authorize a reduction of capital.

The directors must make a solvency statement.