November 2020 diet 1 objective and 6 theory 1 objective6 theory17 theory marks set
No. Section Marks Covers Q1 Why ICAN has an ethical code, and the purpose of ethical codes for a professional accountant. Revise the purpose of e... Q2 4 Four categories of persons eligible for appointment as company secretary. Revise the qualifications list. Q3 4 Intention to create legal relations (gym, textile bales, luncheon), and capacity of drunken, insane persons and infan... Q4 Explain a trust, three uses, and the participants in the Ade, Segun and Tunde Toyota problem. Revise the meaning and ... Q5 5 Explain arbitration and arbitral award. Revise arbitration and the award. Q6 4 Five tests of the intention to steal, three fraudulent intents, and the intent concerning money. Revise the six intents.
Objective questions Section A • Objective question Section A
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: 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 2020 Copy reference
Theory questions Written questions 1 Theory question 1 Written paper
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 2020, Question 1 Copy reference
2 Theory question 2 Written paper
4 marksFour categories of persons eligible for appointment as company secretary. Revise the qualifications list.
Mandatory disclosure, surveillance of bank accounts and transactions requiring special surveillance. Revise sections 7, 11 and 15.
Tests of insolvency of a company, insolvency versus bankruptcy, and the consequences. Revise the tests and the types.
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 2020, Question 2 Copy reference
3 Theory question 3 Written paper
4 marksIntention to create legal relations (gym, textile bales, luncheon), and capacity of drunken, insane persons and infants. Revise intention, capacity and worked problem 4.
What is hire purchase, and advise Ronke whose car was seized after she paid ₦900,000 of ₦1,000,000. The current syllabus allows seizure without a court order once the relevant proportion is paid. Revise the relevant proportion and worked problem 1.
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 2020, Question 3 Copy reference
4 Theory question 4 Written paper
Explain a trust, three uses, and the participants in the Ade, Segun and Tunde Toyota problem. Revise the meaning and worked problem 1.
Utmost good faith, material fact, three exceptions to disclosure, and the current law on material facts. Revise utmost good faith.
Exceptions to the rule that only the owner of goods can pass title. Revise transfer of title.
Exceptions to the rule that all persons of full age may sue and be sued in tort. Revise capacity in torts.
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 2020, Question 4 Copy reference
5 Theory question 5 Written paper
5 marksExplain arbitration and arbitral award. Revise arbitration and the award.
Explain contract of employment, and state grounds of dismissal and duties of an employee. Revise meaning, duties and dismissal.
Duties an agent owes his principal, and the duties Brenda breached. Revise duties and worked problem 2.
Four cheques: open, generally crossed, specially crossed to Congo Bank, and account payee only. Revise crossing and the table of the four cheques.
Three characteristics of a negotiable instrument, and its definition. Revise the meaning and attributes.
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 2020, Question 5 Copy reference
6 Theory question 6 Written paper
4 marksFive tests of the intention to steal, three fraudulent intents, and the intent concerning money. Revise the six intents.
Define express terms, implied terms, conditions and warranties. Revise terms of a 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 2020, Question 6 Copy reference
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 2020. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, November 2020 . Each question carries its own reference and a button to copy it.