Company Law Quiz

What is the primary purpose of company law?

• Regulating the formation of companies

• Enforcing civil law

• Overseeing the real estate market

• Supervising healthcare facilities

Which Act codifies the rules and regulations that govern companies in Ghana?

• Interpretation Act, 2009 (Act 792)

• Business Registration Act

• Companies Act, 1963 (Act 179)

• Gower’s Commission Act

What does Section 4 of the Companies Act, 1963 (Act 179) limit to private companies only?

• Chapter V

• Chapter IV

• Chapter II

• Chapter III

What does Section 7 and 216 of the Companies Act, 1963 (Act 179) ensure?

• Applicability of common law only

• Exclusion of common law and equity law

• Applicability of equity law only

• Applicability of both common law and equity law

Which source of company law involves the rulings by the courts interpreting and applying the provisions of the Act to practical problems?

• Judicial Decisions/Case law

• Statutory Provisions

• Common Law Principles

• Company Law Theory

Which case deals with the separate legal personality of a company and its limited liability?

• Okudzeto v Irani Brothers

• Adams v Tandoh

• Trevor v Whitworth

• Salomon v Salomon

What is the main source of company law theory?

• Academic texts

• Newspaper articles

• Fiction novels

• Social media posts

What do reports of relevant commissions and legislative working papers contribute to in company law theory?

• Scientific research

• Entertainment value

• Historical events

• Rationale underlying the rules