Chapter 1: Business Forms, Historical Development of Company Law, Regulatory Overview and ASIC
Click a square and type one letter. Select Check answers. Correct letters turn green; incorrect letters turn red. Change any red letter and check again. The answer key is on a separate page.
Across
3. The commercial objective expressly included in the statutory partnership definition.
4. Independent Commonwealth regulator for corporations, markets, financial services and consumer credit.
6. Relationship defined by s 5(1): persons carrying on business in common with a view of profit.
9. Type of loyalty-based duty illustrated by Chan v Zacharia.
11. General institutional description of ASIC.
12. Under s 15, liability for specified partnership wrongs is joint and _____.
Down
1. Section 12 describes ordinary partnership debt liability as _____.
2. A registered legal person governed principally by the Corporations Act 2001 (Cth).
4. Concept explaining why one partner can bind the firm under s 8.
5. The legal exposure analysed after determining whether the firm was bound.
7. Before liability, ask whether the acting partner had power to bind the firm: this is the issue of _____.
8. Australian market operator whose Listing Rules apply within the listed-market framework.
10. Constitutional mechanism under s 51(xxxvii) supporting the modern national corporations scheme.