The question (10 marks)
What is a deposit? On what conditions may a company accept deposits from its members and from the public? (10 marks)
MU Module 2, deposits.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 2 · Deposits, Charges, Meetings, Dividend and Audit of Company Law.
Authorities you will need
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.