B、 Liquidation is deemed to start on the date of the issuing of the order C、 Directors cease to exercise any management power D、 Employees are immediately dismissed

24 Which TWO of the following apply to shares of companies whose names end in ‘Ltd’?

(1) They may not be issued to non-members (2) They may not be offered to the public (3) They may not be transferred

(4) They may not be traded on the stock exchange A、 (1) and (2) B、 (2) and (3) C、 (1) and (4) D、 (2) and (4)

25 Which of the following statements regarding the age limits for serving as a director in a public limited company is true?

A、 Minimum age 16 years and no maximum age B、 Minimum age 21 years and no maximum age C、 Minimum age 21 years and maximum age 75 years D、 Minimum age 16 years and maximum age 75 years 26 Which TWO of the following are private law actions? (1) Those between individuals

(2) Those between business organisations (3) Those between individuals and the state A、 (1) and (2)