Sign inSign upSign in
Menu
ICAN Notes

Mock examsComing soon

Resources

Acts & Laws

Nigeria Tax Act guides

Tools

Tax ID guides

Blog

Guides

About usContact usSearchSign in or sign up
Foundation level · Corporate and Business Law

Corporate and Business Law · November 2015

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

6 questions6 theory12 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2015

November 2015 diet

0 objective and 6 theory
0 objective6 theory45 theory marks set
No.SectionMarksCovers
Q14Four circumstances in which a director must vacate office (8 marks), and two ways shareholders influence the board (5...
Q220From the Business Law paper set under the previous syllabus. Part (a) asks for four documents filed with the CAC, exp...
Q315Three fraud offences explained, and three items that amount to fraudulent false accounting. Revise the fraud-related ...
Q4Meaning of negligence and its three elements. Revise negligence.
Q56Three ways by which a contract may be discharged. Revise discharge of a contract.
Q6The meaning of goods under the Sale of Goods Act. Revise goods.

Theory questions Written questions

1
Theory question 1Written paper
4 marks

  • Four circumstances in which a director must vacate office (8 marks), and two ways shareholders influence the board (5 marks). Revise vacation of office, removal and the general meeting.

  • Two consequences of winding up on the shareholders. Revise the consequences for shareholders.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Directors: appointment, status, duties and removal › Vacation of officeWinding up and administration of companies › Consequences of winding up for shareholders
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2015, Question 1
2
Theory question 2Written paper
20 marks

  • From the Business Law paper set under the previous syllabus. Part (a) asks for four documents filed with the CAC, explained briefly (10 marks). Revise the full list of documents.

  • Two ways of removing an auditor of a company. Revise removal and the ways the examiners accepted.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Memorandum and articles of association › Working through the rulesCompany audit, the auditor and the audit committee › Removal of the auditor
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2015, Question 2
3
Theory question 3Written paper
15 marks

  • Three fraud offences explained, and three items that amount to fraudulent false accounting. Revise the fraud-related offences.

  • The limit on cash payments and on international transfers. Revise the cash limits and international transfers.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Criminal law and business: law and ethics, theft, fraud and deception › Fraud-related offencesBribery, money laundering and the accountant as expert witness › Money laundering
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2015, Question 3
4
Theory question 4Written paper

  • Meaning of negligence and its three elements. Revise negligence.

  • Conditions for the admissibility of computer and electronic evidence. Revise section 84 and worked problem 3.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Law of torts: negligence, vicarious liability and passing off › NegligenceBribery, money laundering and the accountant as expert witness › Computer and electronic evidence
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2015, Question 4
5
Theory question 5Written paper
6 marks

  • Three ways by which a contract may be discharged. Revise discharge of a contract.

  • Four essential elements of a valid contract. Revise the five elements.

The full wording of this question has not been added yet. This summary shows what it tests and where to revise it.

Revise this question

Law of contract (ii): terms, vitiating factors, discharge and remedies › Discharge of a contractLaw of contract (i): nature and formation › The elements of a valid contract
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2015, Question 5
6
Theory question 6Written paper

  • The meaning of goods under the Sale of Goods Act. Revise goods.

  • 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.

Revise this question

Sale of goods (i): the contract and the passing of property › GoodsAgency › Classes of agent
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 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, November 2015. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2015. Each question carries its own reference and a button to copy it.