A (1) ___________is a vital term, going to the root of the contract, breach of which entitles the injured party to treat the contract as (2)___________ and claim (3) ___________ . A (4) ___________ is a term (5)___________ to the main purpose of the contract. The consequence of a term being classified as innominate is that the court must decide what is the actual effect of its (6) ___________ .
Inside information is '_____________' relating to a _____________ of securities that are price-affected and not to securities generally.
Liquidation means that a company must be ___________ and its affairs wound up.
Under model articles directors are authorised to m___________ the b___________ of the company, and e___________ the p___________ of the company.
Distributable profits may be defined as ___________ profits less ___________ losses.
A private company does not need to apply to the court to reduce its share capital if it supports its ___________ with a ___________ .