Which company may not appoint a secretary, and the secretary of a public company. Revise appointment and qualifications.
Corporate and Business Law · May 2017
Every objective and theory question in this paper, and the topic notes to revise each one.
May 2017 diet
1 objective and 5 theory| No. | Section | Marks | Covers |
|---|---|---|---|
| Q2 | 20 | From the Business Law paper set under the previous syllabus. Part (a) asks about timing and conduct of meetings, incl... | |
| Q3 | 6 | The role of the SEC in appointing an auditor (2 marks), and three matters the audit of Kunte Plc must cover (6 marks)... | |
| Q4 | 3 | State three types of e-contract. Revise the types of e-contract. | |
| Q5 | 6 | Kitanga Bank Plc plans to distribute all its profits as dividends. Advise on the reserve fund (30% or 15%, penalty ₦5... | |
| Q6 | 4 | Two ways of creating a private trust. Revise private trusts. |
Objective questions Section A
Theory questions Written questions
From the Business Law paper set under the previous syllabus. Part (a) asks about timing and conduct of meetings, including the first AGM. Revise the timing table and worked figures.
Two cases of capital reduction permitted under CAMA (2 marks) and two purposes of a reduction (4 marks). Revise the reduction section.
Revise this question
Company meetings, notices, voting and resolutions › Meetings in more detail: working through the figuresMaintenance of capital, dividends and share buy-back › The rule against reduction of capitalThe role of the SEC in appointing an auditor (2 marks), and three matters the audit of Kunte Plc must cover (6 marks). Revise SEC registration, the duties and worked problem 1.
Jaugernault Plc: the nature of the security and whether it is a mortgage or a pledge, and which item is not a test of insolvency. Revise worked problem 1.
Revise this question
Company audit, the auditor and the audit committee › Duties and powers of the auditorInsolvency, receivership and charges › Worked problemsState three types of e-contract. Revise the types of e-contract.
Types of e-commerce contract. Covered in the topic on e-contracts. Start here with e-commerce and the law.
The accountant as an expert witness in a computer fraud case. Revise the roles of the accountant.
Distinguish an offence from ethics, and state four objectives of ethical codes. Revise ethics and ethical codes.
Revise this question
E-contracts › Types of e-contractApplication of information technology in business › E-commerce and the law of electronic transactionsBribery, money laundering and the accountant as expert witness › The accountant as expert witnessCriminal law and business: law and ethics, theft, fraud and deception › Ethics and ethical codesKitanga Bank Plc plans to distribute all its profits as dividends. Advise on the reserve fund (30% or 15%, penalty ₦500,000). Revise the bank section.
A bank planning to pay out all its profits as dividends: the reserve fund transfer. Revise the statutory duties of a licensed bank.
Three rights of an agent. Revise the six rights of an agent.
Whether Kalu is liable for the wrong advice of the acting manager, despite his instruction. Revise worked problem 1.
Conditions implied where goods are sold by sample. Revise implied terms.
Offer and acceptance in insurance: the proposal form, its completion, the premium, and an agent completing the form. Revise formation.
Revise this question
Maintenance of capital, dividends and share buy-back › The reserve fund of a bankBanking law › Statutory duties of a licensed bankAgency › Rights and dutiesLaw of torts: negligence, vicarious liability and passing off › Worked problemsSale of goods (i): the contract and the passing of property › Implied termsInsurance › Formation of the contractTwo ways of creating a private trust. Revise private trusts.
Parties to a bill, general acceptance, and order and bearer bills. Revise parties and the order and bearer comparison.
The condition for admitting a customer’s online transaction in evidence. This is dealt with in the topic on electronic evidence. Start here with formation online.