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Foundation level · Corporate and Business Law

Corporate and Business Law · May 2022

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

7 questions2 objective5 theory20 topics to revise
Source: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, May 2022

May 2022 diet

2 objective and 5 theory
2 objective5 theory85 theory marks set
No.SectionMarksCovers
Q120From the Business Law paper set under the previous syllabus. Part (a) asks for the validity tests that a customary la...
Q220From the Business Law paper set under the previous syllabus. Part (a) asks for five distinctions between criminal law...
Q320From the Business Law paper set under the previous syllabus. Part (a) asks for conditions for admitting computer-gene...
Q45Five ways in which a contract of employment may be terminated. Revise termination.
Q620From the Business Law paper set under the previous syllabus. Includes a part on the veil of incorporation. Revise the...

Objective questions Section A

•
Objective questionSection A
  • Section A (multiple choice): Question 9 asks which company may have fewer than two directors. Revise what being small means.

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, May 2022
8
Objective question 8Section A
  • Which company may not appoint a secretary, and the secretary of a public company. Revise appointment and qualifications.

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, May 2022, Question 8

Theory questions Written questions

1
Theory question 1Written paper
20 marks
  • 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.

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, May 2022, Question 1
2
Theory question 2Written paper
20 marks
  • From 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.

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, May 2022, Question 2
3
Theory question 3Written paper
20 marks
  • From 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.

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, May 2022, Question 3
4
Theory question 4Written paper
5 marks
  • Five ways in which a contract of employment may be terminated. Revise termination.

  • Five duties of a personal representative. Revise the duties.

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, May 2022, Question 4
6
Theory question 6Written paper
20 marks
  • From 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.

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, May 2022, 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, May 2022. When you use them, please cite the source, for example: ICAN Pathfinder, Foundation Level Examination, Corporate and Business Law, May 2022. Each question carries its own reference and a button to copy it.