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Which of the following is incorrect?
Tom is a director of XYZ Ltd. The company is considering purchasing Tom's business for £200,000. Which of the following is incorrect?A . Tom cannot contract with XYZ Ltd as he would be placing himself in a conflict of interest and duty situation.B . Tom must formally disclose his interest...
One of your colleagues has just been poached by a competitor. You have reason to suspect that he has provided his new employer with sensitive information about your company that could disadvantage your employer.
One of your colleagues has just been poached by a competitor. You have reason to suspect that he has provided his new employer with sensitive information about your company that could disadvantage your employer. This affects the CIMA Code of Ethics fundamental principle of:A . ResponsibilityB . RespectC . ConfidentialityD...
Which of the following is correct?
T contracted to buy a washing machine from AB (Retailers) Ltd for his personal use at home. The contract contained a term excluding liability for any breach of the condition implied by the Sale of Goods Act 1979 that the goods should be of "satisfactory quality". The contract was on...
Which of the following is correct?
B Ltd has an issued share capital of 1,000 ordinary £1 shares. The board of B Ltd has resolved to alter the company's articles of association. Which of the following is correct? (i) The articles may be altered by board resolution. (ii) The articles may be altered by a written...
In a situation where a professional accountant needs to choose in whose interest he or she is to behave and act, which of the following interests should he or she put first?
In a situation where a professional accountant needs to choose in whose interest he or she is to behave and act, which of the following interests should he or she put first?A . Employer's interestB . Client's interestC . CIMA's interestD . Public interestView AnswerAnswer: D
In relation to corporate governance, which of the following statements best describes the situation in the UK?
In relation to corporate governance, which of the following statements best describes the situation in the UK?A . All corporate governance is enforceable in lawB . Some corporate governance is enforceable in lawC . No corporate governance is enforceable in lawD . There is little or no corporate governanceView AnswerAnswer:...
Which of the following is incorrect?
Which of the following is incorrect?A . A ratio decidendi of the Supreme Court is binding on the Court of Appeal.B . The Supreme Court is bound by a previous House of Lords ratio decidendi.C . A ratio decidendi of the Court of Appeal is binding on the High Court.D...
Which of the following is incorrect?
Which of the following is incorrect? (i) All contracts must be in writing. (ii) A contract to sell land must be in writing. (iii) A contract of employment must be in writing.A . (i) onlyB . (i) and (iii) onlyC . (ii) and (iii) onlyD . (i), (ii) and (iii).View...
Which ONE of the following is INCORRECT?
B is a director and shareholder in Cee Ltd. Which ONE of the following is INCORRECT?A . B may be dismissed at any time by an ordinary resolution of the shareholders.B . B cannot vote as a shareholder in any meeting called to dismiss him as a director.C . The...
Which of the following reasons for dismissal are NOT deemed to be automatically unfair?
Which of the following reasons for dismissal are NOT deemed to be automatically unfair?A . Serious misconductB . Refusing to join an independent trade union.C . PregnancyD . Selection for redundancy because of membership of a trade union.View AnswerAnswer: A
