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Foundation level · Corporate and Business Law

Corporate and Business Law · November 2016

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

6 questions1 objective5 theory13 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016

November 2016 diet

1 objective and 5 theory
1 objective5 theory31 theory marks set
No.SectionMarksCovers
Q15Five businesses of a commercial bank. Revise banking business.
Q220From the Business Law paper set under the previous syllabus. Part (b) asks about general meetings of a public company...
Q36Parties to a bill, general acceptance, and order and bearer bills. Revise parties and the order and bearer comparison.
Q4Strict liability and two of its elements (4 marks). Revise Rylands v Fletcher.
Q5Insurable interest, and Mallam Bako who sold his insured building. Revise insurable interest and worked problem 2.

Objective questions Section A

•
Objective questionSection A

  • Section A: Punishment for theft of a testamentary instrument and of postal matter, and the punishment under section 390. Revise the punishment.

  • Section A: Agency may be created by estoppel, and the agent’s right to be reimbursed is indemnity. Revise creation of agency and rights of an agent.

  • Section A: An outright sale, price, and caveat emptor. Revise the contract of sale.

  • Section A: Cyber-crime as a computer-related term. Revise the Cybercrimes Act.

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 › Stealing (theft)Agency › Creation of agencySale of goods (i): the contract and the passing of property › The contract of sale of goodsApplication of information technology in business › The Cybercrimes Act 2015, as amended in 2024
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016

Theory questions Written questions

1
Theory question 1Written paper
5 marks

  • Five businesses of a commercial bank. Revise banking business.

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

Banking law › Banking business
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016, Question 1
2
Theory question 2Written paper
20 marks

  • From the Business Law paper set under the previous syllabus. Part (b) asks about general meetings of a public company. Revise the three types of meeting.

  • Three tests of company insolvency, stated and explained. Revise the four tests.

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

Company meetings, notices, voting and resolutions › The three types of general meetingInsolvency, receivership and charges › Insolvency: meaning, types and tests
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016, Question 2
3
Theory question 3Written paper
6 marks

  • Parties to a bill, general acceptance, and order and bearer bills. Revise parties and the order and bearer comparison.

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

  • Explain hard disk storage, external disk storage and flash disk storage. Revise the storage devices.

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

Negotiable instruments › The bill of exchangeAgency › Classes of agentApplication of information technology in business › Computer storage and data recovery devices
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016, Question 3
4
Theory question 4Written paper

  • Strict liability and two of its elements (4 marks). Revise Rylands v Fletcher.

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 › Strict liability
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016, Question 4
5
Theory question 5Written paper

  • Insurable interest, and Mallam Bako who sold his insured building. Revise insurable interest and worked problem 2.

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

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

Insurance › Insurable interestSale of goods (i): the contract and the passing of property › Goods
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016, Question 5
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 2016. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2016. Each question carries its own reference and a button to copy it.