B、Executory consideration C、 Past consideration

20 Which of the following requires court approval before the appointment of an administrator?

A、 Creditors

B、 Holders of floating charges C、 The directors of the company D、 The company itself

21 Which of the following is an English court NORMALLY bound to follow? A、 An obiter statement of a higher court B、 A ratio of a lower court

C、 A ratio of a court at the same level D、 An obiter statement of the Supreme Court

22 Which of the following courts hear appeals from the magistrates’ court? (1) County court (2) Crown Court (3) High Court A、 (1) and (2) only B、(2) and (3) only C、 (1) and (3) only D、 (1), (2) and (3)

23 Which of the following is NOT an automatic consequence of a compulsory winding up order against a public limited company?

A、 Transfers of shareholdings are suspended