Which of the Following Statements Is Incorrect

question 33

Multiple Choice

Which of the following statements is incorrect?

• A) If the company is limited by shares, members do not have to contribute more than the amount unpaid on the shares for which each is liable as a past or present member.
• B) Past members must contribute money for company debts which have been incurred after they cease to be members.
• C) Most liquidations in Australia do not have sufficient funds to pay creditors.
• D) In the absence of any guidance in the company's constitution, calls in advance with related interest will be repaid before any payments are made to shareholders.

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Definitions:

Sexual Harassment

Unwelcome or inappropriate sexual advances, requests for sexual favors, and other verbal or physical conduct of a sexual nature in the workplace or other professional or social situations.

Responsiveness

The ability of an organization, individual, or system to react quickly and positively to changes or requests.

Allegations

Claims or accusations made without proof, typically against someone.

Behaviour

The actions or reactions of an entity (often a human) in response to external or internal stimuli.