Here are the answers to the questions: 1. A person appointed by a Court to conduct proceedings in winding up of a Company is called a liquidator. 2. Acquisition of 5% Equity and above by any investor in the banking industry shall be subject to regulatory approval (e.g., from the Central Bank of Nigeria). 3. A court that has original jurisdiction to hear matters and determines its merit between the Employer and Employee is the National Industrial Court. 4. A bill of exchange drawn on a bank payable on demand is called a cheque. 5. Whistleblowing is generally referred to revealing illegal and substantial unethical behavior of citizen. 6. An incorporated company whose Liabilities are unrestricted to the Company's assets is called an unlimited company. 7. The stakeholders' theory formed the basis of holding the organization to accountability to all parties affected by its operations. 8. A person appointed in a company especially in private companies to retain control of the company is called a promoter or controlling shareholder. 9. The auditors' major property is independence. 10. Under the common law, the major duty imposed on auditor is to exercise reasonable care and skill. 11. The person allowed by law to take over properties in the event of bankruptcy is a trustee in bankruptcy. 12. The full meaning of OSIC is not a universally recognized acronym in corporate law without further context. It may refer to a specific regional or organizational body. 13. The Federal High Court has the original Jurisdiction on corporate and commercial matters, including company law, banking, and intellectual property. 14. The particular thing that a person stands to lose if a peril occurs which makes someone to take an insurance cover is known as insurable interest. 15. The yearly Financial Statements of a Company must be prepared as duty by the directors. 16. An expatriate who intends to form or take over a Company or practice a Profession in Nigeria must obtain the consent of relevant regulatory authorities (e.g., Corporate Affairs Commission, Nigerian Investment Promotion Commission, professional bodies). 17. An Incorporated company with the sole aim of applying the income and property towards the promotion of its objects is regarded as a company limited by guarantee (or a not-for-profit organization). 18. There are significant variations in External Governance Frameworks because different jurisdictions have varying legal, economic, and cultural contexts. 19. An interlocutory injunction is a temporary order granted summarily on application to the court of fundamental rights of one or more stakeholders. 20. As provided in the Bills of Exchange Act, a Bill has 3 days of grace but a Cheque has no day (s) of grace. That's 2 down. 3 left today — send the next one.