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Business Law

Sarah Kennedy

Business Law Recap Activity

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Across
4.Security given to creditor over a debt.
7.During winding up a ______ will take over the directors' powers.
8.Charges provide creditors with _____.
9.A floating charge does not attach to property until it ____.
11.Winding up is also known as _______.
12.Document that creates or acknowledges a debt.
13.Directors must make a _____ of solvency.
15.Debenture holders
16.Charges must be ______.
18.If a company can pay repay its debts it is ______.
20.Winding up is governed by the ______ Act.
Down
1.Contracted to report on company accounts.
2.Case that describes duty of care owed by auditor to company.
3.For a members voluntary liquidation a _____ must be passed.
5.When a company is wound up it ______ to exist.
6.Charges can be granted over a company's _____.
10.A court will wind up a company it if it just and ____.
14.A court ordered winding up is known as a _______ liquidation.
17.A floating charge can be over present and _____ assets.
19.If a company fails to repay, charge holder can ___ the asset.

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