Section A (multiple choice): Question 9 asks which company may have fewer than two directors. Revise what being small means.
Corporate and Business Law · 2022
Every objective and theory question in this paper, and the topic notes to revise each one.
May 2022 diet
2 objective and 5 theory| No. | Section | Marks | Covers |
|---|---|---|---|
| Q1 | 20 | From the Business Law paper set under the previous syllabus. Part (a) asks for the validity tests that a customary la... | |
| Q2 | 20 | From the Business Law paper set under the previous syllabus. Part (a) asks for five distinctions between criminal law... | |
| Q3 | 20 | From the Business Law paper set under the previous syllabus. Part (a) asks for conditions for admitting computer-gene... | |
| Q4 | 5 | Five ways in which a contract of employment may be terminated. Revise termination. | |
| Q6 | 20 | From the Business Law paper set under the previous syllabus. Includes a part on the veil of incorporation. Revise the... |
Objective questions Section A
Which company may not appoint a secretary, and the secretary of a public company. Revise appointment and qualifications.
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Company secretary, accounting records and financial statements › Appointment of the company secretaryTheory questions Written questions
From the Business Law paper set under the previous syllabus. Part (a) asks for the validity tests that a customary law must pass. Revise the customary law section.
Four ways to terminate a trust (Sola who wants to be free of his duties). Revise termination of the trusteeship.
Four duties of a bank customer. Revise the duties of the customer.
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Law and the sources of Nigerian law › Customary lawTrusts › Termination of the trusteeshipBanking law › The bank customerFrom the Business Law paper set under the previous syllabus. Part (a) asks for five distinctions between criminal law and civil law. Revise the comparison table.
Distinctions between civil law and criminal law. Revise the comparison table.
Five tests of the intention to steal, three fraudulent intents, and the intent concerning money. Revise the six intents.
Exceptions to the rule that only the owner of goods can pass title. Revise transfer of title.
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.
From the Business Law paper set under the previous syllabus. Several parts of these questions involve the Corporate Affairs Commission. Revise its functions and the registration process.
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The courts, and civil and criminal proceedings › Civil law and criminal law comparedCriminal law and business: law and ethics, theft, fraud and deception › Criminal lawCriminal law and business: law and ethics, theft, fraud and deception › Stealing (theft)Sale of goods (i): the contract and the passing of property › Transfer of title and its exceptionsAnnual returns and company taxation › The annual return to the CACThe Corporate Affairs Commission, types of company and incorporation › The Corporate Affairs CommissionFrom the Business Law paper set under the previous syllabus. Part (a) asks for conditions for admitting computer-generated evidence. This topic gives the framework. The detailed rules are in the criminal law chapter.
Conditions for the admissibility of computer and electronic evidence. Revise section 84 and worked problem 3.
Injunction, specific performance, rescission and rectification explained, and five remedies with the one that suits Christy. Revise the remedies table and worked problem 2.
Rights of the hirer in hire purchase. Revise the rights of the hirer and worked problem 4.
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Virtual evidence, cybercrime and data protection law › Virtual evidence and hearingsBribery, money laundering and the accountant as expert witness › Computer and electronic evidenceLaw of contract (ii): terms, vitiating factors, discharge and remedies › Remedies for breach of contractHire purchase › Duties and rights of the partiesFive ways in which a contract of employment may be terminated. Revise termination.
Five duties of a personal representative. Revise the duties.
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Employment law › Termination of the contractAdministration of estates, wills and intestacy › Powers, rights and duties of personal representativesFrom the Business Law paper set under the previous syllabus. Includes a part on the veil of incorporation. Revise the table of situations and the two leading cases.
Two directors take a contract that the company declined, resign and perform it through their own company. Revise duty not to make secret profit and worked problem 2.
The purpose of conciliation and the composition of the conciliation body. Revise conciliation.
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Consequences of incorporation and lifting the veil › Lifting the veil of incorporationDirectors: appointment, status, duties and removal › Worked problemsAlternative dispute resolution › ConciliationNovember 2022 diet
2 objective and 6 theory| No. | Section | Marks | Covers |
|---|---|---|---|
| Q1 | 20 | From the Business Law paper set under the previous syllabus. Part (a) asks you to explain types of precedent, startin... | |
| Q2 | 10 | The limit on cash payments and on international transfers. Revise the cash limits and international transfers. | |
| Q3 | 8 | Four duties of a secretary and four conditions for removal. Revise duties and removal. | |
| Q4 | 4 | Floating charge and its advantages to the company. These are covered in the later topic on insolvency, receivership a... | |
| Q5 | 20 | From the Business Law paper set under the previous syllabus. Part (a) asks for the features of a District Court. Revi... | |
| Q6 | 6 | Five and four ways of terminating a hire purchase agreement (Kabir and the bus). Revise termination and worked proble... |
Objective questions Section A
Section A: Question 8 asks for the maximum number of multiple directorships (five public companies). Revise multiple directorships.
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Directors: appointment, status, duties and removal › Persons disqualified from being directorsHow many members of the audit committee must be non-executive directors (two). Revise the composition.
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Company audit, the auditor and the audit committee › The audit committeeTheory questions Written questions
From the Business Law paper set under the previous syllabus. Part (a) asks you to explain types of precedent, starting with original precedent. Revise the table of types.
From the Business Law paper set under the previous syllabus. Includes a part on pre-incorporation contracts. Revise section 96 and the position of the promoter before ratification.
Four circumstances in which a bill of exchange may be discharged. Revise discharge.
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Legislation, judicial precedent and the legislative process › Judicial precedentPromoters and pre-incorporation contracts › Pre-incorporation contractsNegotiable instruments › Discharge of a billThe limit on cash payments and on international transfers. Revise the cash limits and international transfers.
Vicarious liability explained with examples, and applied to an employee on a frolic of his own. Revise vicarious liability.
Unit trust and original trustee. Revise the appointment of trustees.
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Bribery, money laundering and the accountant as expert witness › Money launderingLaw of torts: negligence, vicarious liability and passing off › Vicarious liabilityTrusts › Appointment of trusteesFour duties of a secretary and four conditions for removal. Revise duties and removal.
Four characteristics of criminal law. Revise the list of characteristics.
Fundamental breach and its effect, four elements of misrepresentation, and three types of mistake (9 marks). Revise mistake and misrepresentation.
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Company secretary, accounting records and financial statements › Duties and authority of the secretaryCriminal law and business: law and ethics, theft, fraud and deception › Criminal lawLaw of contract (ii): terms, vitiating factors, discharge and remedies › Vitiating factorsFloating 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.
Punishment for theft of a testamentary instrument and of postal matter, and the punishment under section 390. Revise the punishment.
Indemnity insurance and contingency insurance (3 marks each). Revise indemnity.
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Debentures › The types of debentureInsolvency, receivership and charges › Fixed and floating chargesCriminal law and business: law and ethics, theft, fraud and deception › Stealing (theft)Insurance › IndemnityFrom the Business Law paper set under the previous syllabus. Part (a) asks for the features of a District Court. Revise the hierarchy table.
From the Business Law paper set under the previous syllabus. Part (b) deals with registered partnerships and their categories. Revise the formation and types of partnership.
From the Business Law paper set under the previous syllabus. Part (b) deals with the categories of registered partnership. Revise the limited partnership and LLP sections.
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The courts, and civil and criminal proceedings › The hierarchy of courtsPartnership law: formation, rights, duties and dissolution › Formation, the deed and membershipLimited partnerships and limited liability partnerships › Limited partnershipFive and four ways of terminating a hire purchase agreement (Kabir and the bus). Revise termination and worked problem 2.
When ownership passes where no intention appears, and property versus possession. Revise passing of property.
What electronic fraud is, and four ways it could be committed in a business environment. Revise electronic fraud.