Step 4. Business Organisations
D3. Corporations And Legal Personality
a) Distinguish between sole traders, partnerships and companies.
b) Explain the meaning and effect of limited liability.
c) Analyse different types of companies, especially private and public companies.
d) Illustrate the effect of separate personality and the veil of incorporation.
e) Recognise instances where separate personality will be ignored (lifting the veil of incorporation.
Download the D3. Revision Notes HERE
01Downloads
D3a. Sole Traders, Partnerships And Companies
02Explanation0:48
D3a. Quiz on Sole Traders
03Quiz questions
D3b. Limited Liability
04Explanation1:34
D3b. Quiz on Limited Liability
05Quiz questions
D3c. Different Types Of Companies
06Explanation2:59
D3c. Quiz on Different Types of Companies
07Quiz questions
D3d. Veil of Incorporation
08Explanation1:47
D3d. Why the Veil is Important
09Notes
D3e. Lifting the Veil of Incorporation
10Video3:15
CBE Questions
Syllabus D3
Paper Exam Questions
Syllabus D3