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1) Lewis is a director of DC ltd and is concerned about two of the company’s transactions.Transaction A happened last week,transaction B is due to be undertaken in two weeks time.Both have potential to create a conflict of interests of Lewis in the third parties concerned.
Which two of the following transaction requires disclose to the other directors?
A.Transaction A only
B.Transaction A and B only
C.Transaction B only
D.Neither A nor B
Answer- Transaction A only?2)Which of the following is a defence to an action in negligence?
A.Lack of intention.
B.Consent to the harm.
C.Ignorance of the harm caused.
Answer -B“Which two of the following transaction requires disclose to the other directors?
A.Transaction A only
B.Transaction A and B only
C.Transaction B only
D.Neither A nor B
Answer- Transaction A only?”This question makes no sense!
How can it ask for “two of the following transaction”
In addition, given that there are only 2 transactions – A and B – then the answer must be option B because that’s the only option where “two of the following transaction” are identified as possible disclosures
Are you making up these exercises … because that is a poor question!
In your second question, only option B makes any sense at all!
I can’t conceive of a situation where negligence can be intentional – that goes against the meaning of the word
And ignorance of the harm caused is one of the classic examples of negligence, so how can it possibly be a defence?
I repeat, “are you making up these exercises … because that is another poor question!”
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