THE INSTITUTE OF ADMINISTRATION AND COMMERCE
CORPORATE LAW MARCH 2025 COURSEWORK
DUE: 18 FEBRUARY 2025 TOTAL: 100
INSTRUCTIONS TO CANDIDATES
1. Answer ALL questions
2. Answers should be submitted in typed softcopy
3. Use times new roman fond 12, line spacing 1.15
4. Observe Proper citing and acknowledgement of sources used
5. The cover Page should have: Name of Institute, National ID, Student Number,
Subject, a box indicating answered questions
6. ALL WORK TO BE SUBMITTED STRICTLY VIA STUDENT PORTAL ONLY
1
Question 1.
1.1. Through the use of Zimbabwean Case law analyze the distinction between a Trust
and a company. [ 25 Marks]
1.2. With the aid of provisions of the legislation and Case law explain fully the concept
of separate Legal personality of a Company Law. [ 25 Marks]
Question 2.
2.1. Explain fully the concept of maintenance of share-capital of a private Limited Liability
company. [25 Marks]
2.2. Pursuant to the prescription of the Business Judgment Rule in terms of section 54 of the
Companies and Other business entities Act Chap 24:13, explain fully the common Law
duties and liability of Directors of business entities in terms of Zimbabwean Law.
[ 25 Marks]
END