Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Consequences of adjudication
The consequences of the making of the adjudication order are:1. The order must be advertised in the gazette and a local paper;
2. The ownership of the debtor's property vests in the trustee in bankruptcy;
3. The debtor must not obtain credit for shs 100 or more without informing the creditor that he is an undischarged bankrupt; credits under shs 100 can be added together to make this offence r v. Hartley (1972);
4. The debtor must not engage in any trade or business under a different name without disclosing the name under which he was adjudicated;
5. The debtor cannot act as a company director or take part in the management of a company except by leave of the court;
6. The debtor cannot act as a receiver or manager of the property of a company unless appointed by the court;
7. The debtor cannot be appointed or act as a justice of peace or be elected to or hold the office of mayor or member of local authority council, school committee or road board: this disqualification operates for five years after discharge unless he obtains a certificate of misfortune or the bankruptcy is annulled.
Q. Which one of the following is not necessary in order for a corporation to pay a cash dividend? a. Adequate cash b. Approval of stockholders c. Declaration of dividends by the bo
CAUSES OF FAILURE OF LEGACIES AND GIFTS OF RESIDUE 1) Ademption : If property which has been specifically bequeathed does not belong to the testator at the time of his death,
A stock is about to pay a dividend of $2.00. The dividend is expected to grow at 15% for the next 7 years, 10% for the following 3 years, 8% for the next 2 years and then return to
The key criterion for qualifying as a hedge is that the hedging relationship must be highly effective in achieving offsetting changes in fair values or cash flows based on the hedg
DO ACCOUNTANTS EVER REALLY MAKE IMPORTANT DESIONS?
Trend Analysis Trend analysis is an improvement over year-to-year analysis. When a comparison of financial statements covering more than three years i
Accounting treatment of deferred tax The objective of accounting for deferred tax is to ensure that the profits for the period d onto fluctuate due to temporary differences. To a
Debra Motors's 14% coupon rate, semiannual payment, $1,000 par value bonds that mature in 20 years are callable 3 years from now at a price of $1,075. The bonds sell at a price of
You were recently hired by E&T Boats, Inc. to assist the company with its financial planning and to evaluate the company's performance. E&T Boats, Inc. builds and sells boats to o
Tubby is a retailer that buys and sells handmade robotic toys. He buys a basic prototype and then programs it to do all sorts of unique tricks. The following information was provi
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd