Section A: A will is ambulatory, persons granted letters are administrators, and intermeddling. Revise wills and personal representatives.
Corporate and Business Law · November 2017
Every objective and theory question in this paper, and the topic notes to revise each one.
November 2017 diet
2 objective and 6 theory| No. | Section | Marks | Covers |
|---|---|---|---|
| Q1 | 10 | Ayo and Bola and the typographical mistake (7 marks), and three vitiating elements (3 marks). Revise worked problem 1... | |
| Q2 | 5 | Duties an agent owes his principal, and the duties Brenda breached. Revise duties and worked problem 2. | |
| Q3 | 6 | Four statutes against bribery, and an explanation of bribery. Revise the offence and the statutes. | |
| Q4 | 20 | From the Business Law paper set under the previous syllabus. A company declares profit at its annual general meeting ... | |
| Q5 | Penalties for laundering drug money by an individual and by a corporate body. Revise offences and jurisdiction. | ||
| Q6 | 5 | Distinguish a contract of sale from hire purchase. Revise the comparison. |
Objective questions Section 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.
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E-contracts › What an e-contract isTheory questions Written questions
Ayo and Bola and the typographical mistake (7 marks), and three vitiating elements (3 marks). Revise worked problem 1 and the vitiating factors.
Explain letters of administration and a will. Revise wills and letters of administration.
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Law of contract (ii): terms, vitiating factors, discharge and remedies › Worked problemsAdministration of estates, wills and intestacy › WillsDuties an agent owes his principal, and the duties Brenda breached. Revise duties and worked problem 2.
Five rights of a bank in its relationship with the customer. Revise the rights of the bank.
Four statutes against bribery, and an explanation of bribery. Revise the offence and the statutes.
Termination versus summary dismissal, and four duties of the employer. Revise the duties of the employer.
Floating charge and its advantages to the company. These are covered in the later topic on insolvency, receivership and charges. Start here with secured debentures and priority.
Floating charge and two of its advantages to the company. Revise the five advantages.
Forgery (3 marks), false pretences (3 marks) and two immaterial factors (2 marks). Revise false pretences and forgery.
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Bribery, money laundering and the accountant as expert witness › BriberyEmployment law › Duties of the employerDebentures › The types of debentureInsolvency, receivership and charges › Fixed and floating chargesCriminal law and business: law and ethics, theft, fraud and deception › Fraud-related offencesFrom the Business Law paper set under the previous syllabus. A company declares profit at its annual general meeting and the directors and members disagree on how it is used. It tests the division of power between board and general meeting, and the dividend rule.
From the Business Law paper set under the previous syllabus. A company holds its AGM and the members and directors disagree over how the profit is dealt with. Revise ordinary business and the problem on dividends.
Fresh Foods Plc: shareholders resolve to pay a dividend the board did not recommend, against accumulated losses. Explain the issues and advise. Revise who declares a dividend and worked problem 1.
Six reports in a public company’s financial statements, and six contents of the directors’ annual financial report. Revise the financial statements table.
Four categories of tort, four that affect economic interests, and three common rules of tort liability. Revise classification.
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Organs of the company: the board and the general meeting › Balancing the two organsCompany meetings, notices, voting and resolutions › Worked problemsMaintenance of capital, dividends and share buy-back › Dividends only out of profitsCompany secretary, accounting records and financial statements › The financial statementsLaw of torts: negligence, vicarious liability and passing off › Classification of tortsPenalties for laundering drug money by an individual and by a corporate body. Revise offences and jurisdiction.
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Bribery, money laundering and the accountant as expert witness › Money launderingDistinguish a contract of sale from hire purchase. Revise the comparison.
Distinguish a contract of sale from hire purchase. Revise the comparison table.
Four ways to authenticate an email message as evidence. Revise the email section.