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Foundation level · Corporate and Business Law

Corporate and Business Law · May 2015

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

7 questions1 objective6 theory15 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, May 2015

May 2015 diet

1 objective and 6 theory
1 objective6 theory11 theory marks set
No.SectionMarksCovers
Q1Two defences available to a defendant in negligence. Revise the defences.
Q2Explain the term debenture in relation to a company’s securities. Revise the meaning of a debenture and how it differ...
Q3Two requirements of CAMA for a successful transfer of shares in Zee Ltd. Revise the steps for transfer and worked pro...
Q4Four statutes against bribery, and an explanation of bribery. Revise the offence and the statutes.
Q56Assignment of an insurance policy, types of assignment, why rights cannot pass by delivery, and when a marine policy ...
Q65Two types of bill of exchange. Revise the types of bill.

Objective questions Section A

14
Objective question 14Section A
  • Which is a type of e-contract (shrink-wrap), and an e-contract validly entered into is enforceable. Revise the meaning of an e-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, May 2015, Question 14

Theory questions Written questions

1
Theory question 1Written paper
  • Two defences available to a defendant in negligence. Revise the defences.

  • Insolvency and four consequences of insolvency. Revise meaning and types of insolvency.

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, May 2015, Question 1
2
Theory question 2Written paper
  • Explain the term debenture in relation to a company’s securities. Revise the meaning of a debenture and how it differs from a share.

  • Onyi, Okonto and Joe: stealing, the elements, and application to money taken for a purpose and spent otherwise. Revise worked problems 1 and 2.

  • Four duties of a director with comment on Joe who stole and took bribes, and two qualifications for appointment as a director. Revise the duties and worked problem 1.

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, May 2015, Question 2
3
Theory question 3Written paper
  • Two requirements of CAMA for a successful transfer of shares in Zee Ltd. Revise the steps for transfer and worked problem 1.

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, May 2015, Question 3
4
Theory question 4Written paper
  • Four statutes against bribery, and an explanation of bribery. Revise the offence and the statutes.

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, May 2015, Question 4
5
Theory question 5Written paper
6 marks
  • Assignment of an insurance policy, types of assignment, why rights cannot pass by delivery, and when a marine policy is not assignable. Revise assignment.

  • Utmost good faith, material fact, three exceptions to disclosure, and the current law on material facts. Revise utmost good faith.

  • What is misrepresentation, its types and effects. Revise misrepresentation.

  • Three characteristics of a negotiable instrument, and its definition. Revise the meaning and attributes.

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, May 2015, Question 5
6
Theory question 6Written paper
5 marks
  • Two types of bill of exchange. Revise the types of bill.

  • Del credere agent, and short notes on a broker and an auctioneer. Revise the four special agents.

  • Five duties of a personal representative. Revise the duties.

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, May 2015, 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, May 2015. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, May 2015. Each question carries its own reference and a button to copy it.