Test Bank For Company Law: An Interactive Approach,

2nd Edition By Ellie Chapple, Alex Wong, Richard

Baumfield, Richard Copp, Robert Cunningham,

Akshaya Kamalnath, Katherine Watson, Paul Harpur

Testbank

to accompany

Company law: an

interactive approach

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Chapter 1: Business organisations

Not for distribution in full. Instructors may assign selected questions in their LMS.

© John Wiley and Sons Australia, Ltd 2020 1.1

2

nd edition

by

Chapple et al.

Not for distribution. Instructors may assign selected questions in their LMS.

© John Wiley & Sons Australia, Ltd 2020

Chapter 1: Business organisations

TRUE/FALSE QUESTIONS

1. The concept of limited liability applies to associations created under the

various states’ Associations Incorporation Acts even though those entities

are not formed under the Corporations Act 2001 (Cth).

Answer: True [LO1.8]

2. Trustees owe fiduciary duties to beneficiaries of a trust.

Answer: True [LO1.5.5]

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