Explain receivership (2 marks), and how a court-appointed receiver distributes the assets (4 marks). Revise receivership and the distribution of proceeds.
Corporate and Business Law · 2021
Every objective and theory question in this paper, and the topic notes to revise each one.
May 2021 diet
0 objective and 5 theory| No. | Section | Marks | Covers |
|---|---|---|---|
| Q2 | Explain receivership (2 marks), and how a court-appointed receiver distributes the assets (4 marks). Revise receivers... | ||
| Q3 | Onyi, Okonto and Joe: stealing, the elements, and application to money taken for a purpose and spent otherwise. Revis... | ||
| Q4 | 6 | Distinguish an offer from an invitation to treat, and advise Daniel on the vaccine reward (5 marks). Revise invitatio... | |
| Q5 | 3 | Three classes of goods, and classification with its significance. Revise the classes of goods. | |
| Q6 | 6 | Osagie’s cheque returned unpaid: reasons the bank may be wrong and reasons it could disclose the account. Revise the ... |
Theory questions Written questions
Onyi, Okonto and Joe: stealing, the elements, and application to money taken for a purpose and spent otherwise. Revise worked problems 1 and 2.
GSM phone evidence, and conditions for admissibility of electronic evidence. Revise GSM, ATM and tape recordings.
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Criminal law and business: law and ethics, theft, fraud and deception › Worked problemsBribery, money laundering and the accountant as expert witness › Computer and electronic evidenceDistinguish an offer from an invitation to treat, and advise Daniel on the vaccine reward (5 marks). Revise invitation to treat, Carlill and worked problem 2.
Meaning of negligence and its three elements. Revise negligence.
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Law of contract (i): nature and formation › OfferLaw of torts: negligence, vicarious liability and passing off › NegligenceThree classes of goods, and classification with its significance. Revise the classes of goods.
Five and four ways of terminating a hire purchase agreement (Kabir and the bus). Revise termination and worked problem 2.
Utmost good faith, material fact, three exceptions to disclosure, and the current law on material facts. Revise utmost good faith.
How an arbitral panel is composed or constituted. Revise the composition of the tribunal.
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Sale of goods (i): the contract and the passing of property › GoodsHire purchase › Termination of the agreementInsurance › Utmost good faith and material factsAlternative dispute resolution › ArbitrationOsagie’s cheque returned unpaid: reasons the bank may be wrong and reasons it could disclose the account. Revise the bank’s duties and worked problem 1.
Three certainties of a trust, and Esero’s trust over his housing estate. Revise the certainties, the Statute of Frauds and worked problem 2.
Applying the organisation test to distinguish contract of employment from contract for employment. Revise the tests.
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Banking law › The bank customerTrusts › The three certaintiesEmployment law › Meaning of employmentNovember 2021 diet
0 objective and 6 theory| No. | Section | Marks | Covers |
|---|---|---|---|
| Q1 | 5 | An LLP is asked to pay a fine for failure to audit and file annual returns. Revise the exemptions from audit and the ... | |
| Q2 | 12 | Four categories of tort, four that affect economic interests, and three common rules of tort liability. Revise classi... | |
| Q3 | 4 | Distinguish an offer from an invitation to treat, and advise Daniel on the vaccine reward (5 marks). Revise invitatio... | |
| Q4 | Adamu, a public officer, caught on camera corruptly requesting money: the offence and the maximum punishment. Revise ... | ||
| Q5 | 5 | Christopher and Uche: the kind of goods, who bears the loss, and the seller’s rights. Revise worked problem 1. | |
| Q6 | 5 | These ask about the annual return of a limited liability partnership. Revise the annual return, and the comparison ta... |
Theory questions Written questions
An LLP is asked to pay a fine for failure to audit and file annual returns. Revise the exemptions from audit and the LLP topic.
Explain ADR and state three mechanisms. Revise the meaning and types of ADR.
Revise this question
Company audit, the auditor and the audit committee › Companies exempt from auditAlternative dispute resolution › Meaning of ADRFour categories of tort, four that affect economic interests, and three common rules of tort liability. Revise classification.
Explain four of company securities, debentures, share capital, preference shares and shareholder. Revise securities, share capital, classes of share and the shareholder.
Explain four of company securities, debentures, share capital, preference shares and shareholder. Revise the debenture definition and the share comparison.
Explain receivership (2 marks), and how a court-appointed receiver distributes the assets (4 marks). Revise receivership and the distribution of proceeds.
Revise this question
Law of torts: negligence, vicarious liability and passing off › Classification of tortsCompany capital and securities › The meaning of capital and of securitiesDebentures › A debenture compared with a shareInsolvency, receivership and charges › ReceivershipDistinguish an offer from an invitation to treat, and advise Daniel on the vaccine reward (5 marks). Revise invitation to treat, Carlill and worked problem 2.
Distinguish an offence from ethics, and state four objectives of ethical codes. Revise ethics and ethical codes.
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Law of contract (i): nature and formation › OfferCriminal law and business: law and ethics, theft, fraud and deception › Ethics and ethical codesAdamu, a public officer, caught on camera corruptly requesting money: the offence and the maximum punishment. Revise sections 98 and 116 and worked problem 4.
Two defences available to a defendant in negligence. Revise the defences.
What electronic fraud is, and four ways it could be committed in a business environment. Revise electronic fraud.
Duties an agent owes his principal, and the duties Brenda breached. Revise duties and worked problem 2.
Revise this question
Bribery, money laundering and the accountant as expert witness › BriberyLaw of torts: negligence, vicarious liability and passing off › NegligenceApplication of information technology in business › Electronic fraudAgency › Rights and dutiesChristopher and Uche: the kind of goods, who bears the loss, and the seller’s rights. Revise worked problem 1.
The seller’s rights after goods are destroyed and property has passed. Revise the action for the price.
The hirer’s duty to pay instalments after default and repossession, and five elements of a hire purchase agreement. Revise duties and elements.
Assignment of an insurance policy, types of assignment, why rights cannot pass by delivery, and when a marine policy is not assignable. Revise assignment.
Three instances in which a bank may divulge account information, and when it may avoid keeping accounts separate. Revise the duty of confidentiality.
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Sale of goods (i): the contract and the passing of property › Worked problemsSale of goods (ii): rights, duties and remedies of seller and buyer › The unpaid sellerHire purchase › Duties and rights of the partiesInsurance › Assignment of an insurance policyBanking law › The bank customerThese ask about the annual return of a limited liability partnership. Revise the annual return, and the comparison table at the end of the figures section.
Francis died without a will with ₦20 million in the bank: steps to withdraw it, administrator versus executor. Revise worked problem 1.
Two categories of persons with limited capacity, three exceptions to privity, and contract under seal versus simple contract. Revise capacity, privity and the deed.