Which of the following statements about companies is not true?Group of answer choicesIt can enter into contracts in its own name.It can sue and be sued.It is a separate tax-paying entity.It must be dissolved when a partner dies or retires.

Which of the following statements is NOT correct?Group of answer choicesIncorporated associations can sue and be sued under their own nameIncorporated associations have a restriction on the ability to carry on a business or a tradeIncorporated associations can enter into contractsThe committee members in an incorporated association are generally liable for the debt of the associations

Which of the following statements are FALSE? Select all that apply.Group of answer choicesA shareholder of a company may hold shares beneficially or as nominee in AustraliaThe ‘chain of corporate entities’ may be located in different jurisdictions or countriesA nominee shareholder may not be a companyPeople with an interest in a company are defined as those who own 25% or more of the sharesIn Australia, a bearer share certificate can be used to transfer legal and beneficial ownership of an Australian company

Which of the following statements is false:Group of answer choicesPartnerships are limited to 200 individual partnersA sole trader has unlimited liability as its only one personNone of the statements are falseOnly some companies have their shares traded on the share market

Which of the following statements are FALSE? Select all that apply.  A nominee shareholder may not be a company   The ‘chain of corporate entities’ may be located in different jurisdictions or countries

Which of the following statements is FALSE in relation to independent contractors?ResponsesA They have a set term for a project and control their own workThey have a set term for a project and control their own workB They do not have the same legal status as employeesThey do not have the same legal status as employeesC They get paid superannuation by the employerThey get paid superannuation by the employerD They need to provide their own annual leave