ACCA 2026 LW Corporate Law Company Law Free Quiz 1

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ACCA 2026 LW Corporate Law Company Law Free Quiz 1

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ACCA 2026 LW Corporate Law Company Law Free Quiz 1

Practice ACCA 2026 LW Corporate Law MCQs from Company Law. Get instant results with Explanation.

General10 MCQs

1. What is a company in legal terms?

A. A company is not a separate legal entityB. A company is a separate legal entity from its membersC. A company is the same as a partnershipD. A company cannot own assets

2. What case established the principle of separate legal personality?

A. Salomon v Salomon established that shareholders are liable for company debtsB. Salomon v Salomon established that companies are not separate legal entitiesC. Salomon v Salomon established the principle of separate legal personalityD. Salomon v Salomon is irrelevant to company law

3. What is limited liability?

A. Limited liability limits shareholders' liability to the unpaid amount on sharesB. Limited liability means shareholders are fully liable for all debtsC. Limited liability applies only to directorsD. Limited liability is not a feature of companies

4. What is the difference between a public and private company?

A. A public company has no minimum share capital requirementB. A private company can offer shares to the publicC. A public company is the same as a private companyD. A public company can offer shares to the public; a private company cannot

5. What is a company limited by guarantee?

A. A company limited by guarantee has share capitalB. A company limited by guarantee has members who guarantee a fixed amount on winding upC. A company limited by guarantee is the same as a plcD. A company limited by guarantee cannot be a charity

General10 MCQs

6. What is an unlimited company?

A. An unlimited company offers limited liability to its membersB. An unlimited company is the most common typeC. An unlimited company has members with unlimited liabilityD. An unlimited company cannot be registered

7. What is a company's constitution?

A. A company's constitution comprises the articles of association and memorandum (if any)B. The constitution is optional for a companyC. The constitution only applies to directorsD. The constitution is not legally binding

8. What are articles of association?

A. The articles of association regulate external relationships with creditorsB. The articles of association are the same as the memorandumC. The articles of association are not binding on membersD. The articles of association are the internal rules governing the company's management

9. What is the memorandum of association?

A. The memorandum of association sets out the internal rules of the companyB. The memorandum of association is the original document stating the intention to form a companyC. The memorandum of association is the same as the articlesD. The memorandum of association is optional

10. What are the rules for a company's name?

A. A company can choose any name without restrictionB. A private company must end with "PLC"C. A public company must end with "PLC" or "Public Limited Company"D. A company's name is not registered

📋 ACCA - Test Online Practice Quizzes

ACCA

Conducting Body: Association of Chartered Certified Accountants

Frequency: Exam Frequency Year Round | Time: 360 Minutes

Negative Marking: No

⚡ Test Pattern (Total: 116 MCQs):

Business and Technology: 46 MCQs
Management Accounting: 35 MCQs
Financial Accounting: 35 MCQs
Corporate and Business Law: 45 MCQs

Merit Formula: -

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