Sign inSign upSign in
Menu
Foundation level · Corporate and Business Law

Corporate and Business Law · November 2017

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

8 questions2 objective6 theory19 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2017

November 2017 diet

2 objective and 6 theory
2 objective6 theory46 theory marks set
No.SectionMarksCovers
Q110Ayo and Bola and the typographical mistake (7 marks), and three vitiating elements (3 marks). Revise worked problem 1...
Q25Duties an agent owes his principal, and the duties Brenda breached. Revise duties and worked problem 2.
Q36Four statutes against bribery, and an explanation of bribery. Revise the offence and the statutes.
Q420From the Business Law paper set under the previous syllabus. A company declares profit at its annual general meeting ...
Q5Penalties for laundering drug money by an individual and by a corporate body. Revise offences and jurisdiction.
Q65Distinguish a contract of sale from hire purchase. Revise the comparison.

Objective questions Section A

•
Objective questionSection A
  • Section A: A will is ambulatory, persons granted letters are administrators, and intermeddling. Revise wills and personal representatives.

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, November 2017
17
Objective question 17Section 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, November 2017, Question 17

Theory questions Written questions

1
Theory question 1Written paper
10 marks
  • 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.

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, November 2017, Question 1
2
Theory question 2Written paper
5 marks
  • Duties 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.

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, November 2017, Question 2
3
Theory question 3Written paper
6 marks
  • 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.

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, November 2017, Question 3
4
Theory question 4Written paper
20 marks
  • From 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.

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, November 2017, Question 4
5
Theory question 5Written paper
  • Penalties for laundering drug money by an individual and by a corporate body. Revise offences and jurisdiction.

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, November 2017, Question 5
6
Theory question 6Written paper
5 marks
  • Distinguish 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.

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, November 2017, 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 2017. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2017. Each question carries its own reference and a button to copy it.