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  • Exam Code: H12-421
  • Exam Name: HCIP-Data Center Facility Deployment V1.0
  • Version: V14.35
  • Q & A: 163 Questions and Answers

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NEW QUESTION: 1
A, B C and D are sole directors and shareholders of EFG Company each holding 25% of the shares in the company. The articles of association of EFG Company state that "the directors cannot enter into any contract on behalf of the company exceeding $30,000 without the agreement of all the shareholders''.
B contracted on behalf of the company for $40,000 with Y Company without the agreement of the other shareholders. Which of the following is correct?
1. Y Company may enforce the contract against EFG Company
2. A, C and D may obtain an injunction to stop the contract being canted out
3. B may be liable to EFG Company for breach of duty.
A. 1 only
B. 1 and 3 only
C. 1,2 and 3
D. 1 and 2 only
Answer: B

NEW QUESTION: 2
The Appointed Actuary has a responsibility to express an opinion on the appropriateness of certain actuarially determined amounts in the financial statements.
A. False
B. True
Answer: B

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