Corporate and Business Law · November 2021

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.

Four 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.

Distinguish 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.

Adamu, 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.

Christopher 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.

These 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.