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1. What year did the Personal Property Securities Act (PPSA) come into force in New Zealand?

Correct! Wrong!

2. Days Sales Outstanding measures?

Correct! Wrong!

3. Who can enforce a voidable transaction?

Correct! Wrong!

4. Who can appoint a liquidator?

Correct! Wrong!

5. Who can appoint a receiver?

Correct! Wrong!

6. In the PPSA what is the key attribute of a Purchase Money Security Interest?

Correct! Wrong!

7. How long after service of a statutory demand may a creditor apply to the Court for winding-up?

Correct! Wrong!

8. What is a Limited Partnership?

Correct! Wrong!

9. How long prior to a liquidation can a voidable transaction claim be made?

Correct! Wrong!

10. What is the minimum age for a company director?

Correct! Wrong!

11. Which of the following statements about bankruptcy is FALSE?

Correct! Wrong!

12. Which of the following is NOT defined as a 'security interest' under the PPSA?

Correct! Wrong!

13. Which of the following will be paid out first in a liquidation?

Correct! Wrong!

14. For a creditors' compromise resolution to be adopted what voting levels from creditors are required?

Correct! Wrong!

15. Which of the following statements about a Partnership is TRUE?

Correct! Wrong!

16. Under the PPSA the term 'perfection' describes:

Correct! Wrong!

17. The term 'Working Capital' can be defined as:

Correct! Wrong!

18. Which of the following statements about a Deed is TRUE?

Correct! Wrong!

19. Who may inspect a company's share register?

Correct! Wrong!

20. Which of the following is TRUE about the Disputes Tribunal:

Correct! Wrong!

Credit Quiz
You're new to this aren't you?
Not too bad - but you may need some revision
Pretty good - perhaps some details you weren't sure about?
Well done - you're obviously an experienced credit person
Wow - only 1 wrong! Great work!
All correct!! A real Pro at work....

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