Flashcards in 2 Deck (16)
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1
When is email acceptance effective?
Law not provided clear statement - no-one knows
2
Consideration must be...
sufficient but not adequate
3
severable contract
a.k.a. divisible contract
contract where payment is in parts
4
Is specific performance normally awarded in cases of personal service?
no
5
Agency by estoppel
when supplier relies on continued rep that X is agent
- principle is bound to settle invoice but may reclaim
6
Is an agent entitled to renumeration?
in absence of express provision, agent is due a reasonable amount of pay
+ agent has right to exercise a lieu over property of principle pending payment
7
the standard of proof is
the balance of possibilities
8
Do articles always need to be submitted to Registra?
no
Secutary of state will prescribe some if none submitted
9
What is the limitation period for tortious acts?
6 years
(3 years if personal injury)
10
A public company must be a X company
limited
11
Which companies are required to do a directors report
quoted companies
12
Which companies are required to have a trading certificate
public
not private
13
LLPs are required to have a formal p'ship agreement.
True or false
False
normally do, but not necessary
14
Can a partner assign their interest to another?
yes, but they don't become a partner
15
How is a p'ship dissolved?
normally expressed in p'ship agreement
if not, on death or bankruptcy of partner
16
