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Foundation level · Corporate and Business Law

Corporate and Business Law · November 2014

Every objective and theory question in this paper, and the topic notes to revise each one.

7 questions1 objective6 theory14 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014

November 2014 diet

1 objective and 6 theory
1 objective6 theory64 theory marks set
No.SectionMarksCovers
Q15Distinctions between civil law and criminal law. Revise the comparison table.
Q220From the Business Law paper set under the previous syllabus. Part (b) asks for the types of resolution and the matter...
Q320From the Business Law paper set under the previous syllabus. Part (b) asks for eight documents presented to the CAC f...
Q46Suzee issued a cheque for ₦140,000 on a balance of ₦125,000. Explain the legal issues. Revise the dud cheque and work...
Q58Four differences between a private trust and a public trust. Revise the comparison table.
Q65Two items that a hire purchase memorandum must contain. Revise the memorandum.

Objective questions Section A

•
Objective questionSection A
  • Section A: Question 8 asks which of the listed matters is not a test of insolvency. Failure to file annual returns is not a test. Revise the annual return section.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014

Theory questions Written questions

1
Theory question 1Written paper
5 marks
  • Distinctions between civil law and criminal law. Revise the comparison table.

  • Two differences between a fixed charge and a floating charge. Revise the comparison table.

  • Vicarious liability explained with examples, and applied to an employee on a frolic of his own. Revise vicarious liability.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014, Question 1
2
Theory question 2Written paper
20 marks
  • From the Business Law paper set under the previous syllabus. Part (b) asks for the types of resolution and the matters needing each. Revise the resolutions section.

  • From the Business Law paper set under the previous syllabus. Part (a) asks for five contents of the articles of association. Revise the contents of the articles.

  • Part (c) asks for three sanctions for a director who breaches fiduciary duty (6 marks), and Question 3(a)(ii) the duty not to let interest conflict with duty (4 marks). Revise the duties table and the consequences of breach.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014, Question 2
3
Theory question 3Written paper
20 marks
  • From the Business Law paper set under the previous syllabus. Part (b) asks for eight documents presented to the CAC for incorporation. Revise the documents to be filed.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014, Question 3
4
Theory question 4Written paper
6 marks
  • Suzee issued a cheque for ₦140,000 on a balance of ₦125,000. Explain the legal issues. Revise the dud cheque and worked problem 2.

  • Two duties of a seller in a sale of goods contract. Revise the duties of the seller.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014, Question 4
5
Theory question 5Written paper
8 marks
  • Four differences between a private trust and a public trust. Revise the comparison table.

  • Three, four and six types of agent. Revise the classes of agent.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014, Question 5
6
Theory question 6Written paper
5 marks
  • Two items that a hire purchase memorandum must contain. Revise the memorandum.

  • Ways in which a contract of employment may be formed. Revise the form of the contract.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014, Question 6
Source and reference. These questions come from the Institute of Chartered Accountants of Nigeria (ICAN) Pathfinder for the Foundation Level Examination, Corporate and Business Law, November 2014. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2014. Each question carries its own reference and a button to copy it.