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BPP Revision Kit
Q1. Which of the following parties applies for a company to be liquidated in a creditors’ voluntary liquidation?
a) The creditors
b) The members
c) The directorsAnswer b) The members
Q2. Which of the following parties instigates a creditors’ voluntary liquidation?
a) The directors
b) The members
c) The creditors
d) The official receiverAnswer a) The directors
The questions seem the same to me, but have different answers! Am I missing something, a key word perhaps?
-Robbie.
The directors start the ball rolling (instigate) but it’s the members that decide to go for goal
Well done Barbjohn- this is the correct analysis.
Feel free to check with me by posting on the “Ask your Law tutor” link https://opentuition.com/forum/ask-acca-tutor-forums/ask-the-tutor-acca-lw-exams/
Kind regards,
Vijay
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