This question requires an understanding of the way in which the doctrine of separate personality operates with respect to registered companies. There are two parts to the question, although marks are not allocated to individual elements in order to permit markers to reward particularly good, but partial, answers.

8–10 marks 
Thorough understanding of the rules relating to separate personality and the exceptions thereto.

5–7 marks 
Good but limited analysis, perhaps lacking in some or recognition of an element of the question.

2–4 marks 
Some, but limited, knowledge of what the question is about, or recognition of what it is about but lacking in any analysis.

0–1 mark 
Little, if any, understanding of what the question is about.