![](https://static.youtibao.com/asksite/comm/h5/images/m_q_title.png)
The building under _____for stay-at-home children will be completed in March.
A.contribution
B.construction
C.coincidence
D.composition
![](https://static.youtibao.com/asksite/comm/h5/images/solist_ts.png)
A.contribution
B.construction
C.coincidence
D.composition
Yado Steel Co Ltd (Yado Steel) entered into a loan agreement with Industry Bank to borrow RMB 20 million yuan for its expansion programme. Yado Steel provided its office building as property mortgaged for the debt, and made the registration as required. Mr Ding, one of the shareholders of Yado Steel, placed a guarantee letter of general liability in favour of Industry Bank.
Due to poor performance, Yado Steel failed to repay the debt when it came to maturity. Meanwhile, Industry Bank, under a restructuring plan, transferred the credit of RMB 20 million yuan together with the right of pledge to Oriental Assets Management Co (OAM). It also made a written notice to Yado Steel and Mr Ding, but failed to transfer the right of mortgage to OAM. On the contrary, Industry Bank concluded an agreement with Yado Steel before it went bankrupt, and settled other debts owed by the latter through the sale of the office building as mortgaged for the loan. Having found this fact, OAM, as a transferee of the credit, requested the court to order Mr Ding to bear its guarantor’s liability for the debt. Mr Ding asserted that he was a pledger with a general liability and would be responsible for the debt only if the things mortgaged could not satisfy the debt.
Required:
Answer the following questions in accordance with the relevant provisions of the Property Law and the Contract Law, and give your reasons for your answer:
(a) State whether the defence of Mr Ding should be supported by the court. (6 marks)
(b) State what was the cause of this dispute between OAM and Industry Bank. (4 marks)
The water is brought from the waterworks to each street by a large underground pipe—a water main. The water in this pipe is then forced by pressure into the smaller pipes which carry it to storage tanks at the tops of the buildings. Other pipes bring the water down from the storage tank to the kitchens and bathrooms in the building.
When the water has been used, it is taken away from the building by drainpipe. These take the waste water to another large pipe under the road—the main sewer. The waste water then flows along the sewer to the sewage works where it is cleaned. This "clean" water is then poured into the sea or into a river, or in some countries, sent back to the waterworks to be used again.
Electricity is also brought to the house by a main, in this case a cable. This cable may be underground or, in country districts, it may hang above ground on pylons. The cable is connected to a meter in the building. This meter measures the amount of electricity that is used in the building. Near the meter there is a master switch which can cut off the supply of electricity. There are also fuse boxes between the master switch and the wires which take the electricity to each of the switches in the building. All these wires, fuses and switches are the "wiring circuit".
It can be inferred from this passage that______.
A.water and electricity are the only main services in our homes
B.the pipes bringing water to our homes are unimportant
C.water is less significant than electricity in our homes
D.we are unaware of how water or electricity is brought to our homes
well managed and the group accounting policies are rigorously applied. The company’s financial year end is
31 December.
Prescott has been seeking to acquire a construction company for some time in order to bring in-house the building
and refurbishment of hotels and related leisure facilities (e.g. swimming pools, squash courts and restaurants).
Prescott’s management has recently identified Robson Construction Co as a potential target and has urgently requested
that you undertake a limited due diligence review lasting two days next week.
Further to their preliminary talks with Robson’s management, Prescott has provided you with the following brief on
Robson Construction Co:
The chief executive, managing director and finance director are all family members and major shareholders. The
company name has an established reputation for quality constructions.
Due to a recession in the building trade the company has been operating at its overdraft limit for the last 18
months and has been close to breaching debt covenants on several occasions.
Robson’s accounting policies are generally less prudent than those of Prescott (e.g. assets are depreciated over
longer estimated useful lives).
Contract revenue is recognised on the percentage of completion method, measured by reference to costs incurred
to date. Provisions are made for loss-making contracts.
The company’s management team includes a qualified and experienced quantity surveyor. His main
responsibilities include:
(1) supervising quarterly physical counts at major construction sites;
(2) comparing costs to date against quarterly rolling budgets; and
(3) determining profits and losses by contract at each financial year end.
Although much of the labour is provided under subcontracts all construction work is supervised by full-time site
managers.
In August 2005, Robson received a claim that a site on which it built a housing development in 2002 was not
properly drained and is now subsiding. Residents are demanding rectification and claiming damages. Robson
has referred the matter to its lawyers and denied all liability, as the site preparation was subcontracted to Sarwar
Services Co. No provisions have been made in respect of the claims, nor has any disclosure been made.
The auditor’s report on Robson’s financial statements for the year to 30 June 2005 was signed, without
modification, in March 2006.
Required:
(a) Identify and explain the specific matters to be clarified in the terms of engagement for this due diligence
review of Robson Construction Co. (6 marks)
The police searched the building ______ but failed to find out where the bomb was.
A.throughout
B.fully
C.altogether
D.thoroughly
The building, (which) roof can (be seen) here, is (the) biggest supermarket (in) town.
A.which
B.be seen
C.the
D.in
For the second time, the man's head was hit by______.
A. the box of bricks
B. the ladder
C. the top of the building
D. the pulley
All their attempts to ______ the child from the burning building were in vain.
A.regain
B.recover
C.rescue
D.reserve
It is implied that ______.
A.the building of the roof of the Opera House came out to be the most difficult job
B.the building of the Opera House met with unexpected technical problems
C.the committee didn't have enough fund for the construction of the house
D.the city government had to seek financial support abroad
The monitors at the gates of the plant building gave alarms________.
A.only whell Watras was leaving the building
B.whenever Watras's co-workers were leaving the building
C.only when Watras was passing through one day
D.whenever Watras was passing through.them