.(a) Explain five circumstances under which the veil of incorporation may be lifted by the court.(10 marks)
(b) Name and briefly explain four classes of persons who may incur civil liability in respect of a false statement in a prospectus.(4 marks)
(c) (i) Explain the doctrine of ultra vires with regard to the objects of a company.(2 marks)
(ii) State the effects of ultra vires transactions(2 marks)
(iv) What are the purposes of the rule?(2 marks)
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