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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

Can p'ships be wound up?

yes, in the same way as an unregistered company