Which of the Following Is Not a Ground That Would

question 6

Multiple Choice

Which of the following is not a ground that would warrant a Court order disqualifying a person from being a director?

• A)Being convicted of drug dealing.
• B)Involvement in the failure of two or more companies.
• C)Repeated breaches of the Corporations Act.
• D)Being the subject of an adverse report by a liquidator.

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Definitions:

Depositor

refers to an individual or entity that places money into a bank account with the expectation of withdrawing it later or using the banking services.

Payor Bank

The bank upon which a check is drawn and that is responsible for paying the amount specified on the check to the payee.

Collected

Refers to the process of gathering or accumulating items, information, or funds.

Electronic Funds Transfers

The transfer of money between accounts by electronic means rather than the use of cash or paper documents.