Please answer the following questions.

Introduction to Law of Company Limited

1. What is the definition and nature of a company limited?
2. List and briefly explain the steps involved in the formation of a company
limited.
3. Your parents are planning to begin a business by forming a company.
They know that you are taking Business Law II and asked for your opinion
about the advantages of forming a company limited. They know that you
just took one class on company limited, so your parents are expecting only
a short explanation.
Shares
1. What is a share?
2. Is a share divisible? What if it is held in common?
3. Can a share be transferred without the consent of the company?
4. How many classes of shares are there? What are they?
5. What can be used to pay for the value of shares?
6. What if one fails to pay for the value of his shares?
7. How many forms of certificate of share are there?
8. How to make a transfer of a share in a name certificate not void?
9. How to make a transfer of a share in a name certificate not invalid
against the company?
10. Danny orally agrees to sell his share in a bearer certificate of share and
deliver it to Esther. What is the result of this transfer?