- All Exams Instant Download
Which of the following is correct?
Which of the following is correct? (i) A contract of guarantee is unenforceable unless it is evidenced in writing. (ii) A contract to sell land must be in writing. (iii) A contract of employment must be in writing.A . (i) and (ii) onlyB . (i) and (iii) onlyC . (ii)...
In relation to registering a company limited by shares, which of the following is correct?
In relation to registering a company limited by shares, which of the following is correct?A . If the promoters fail to submit Articles of Association to the Registrar of Companies, the company cannot be registered.B . If the promoters fail to submit Articles of Association to the Registrar of Companies,...
According to CIMA, what is accountability?
According to CIMA, what is accountability?A . Being responsible to someone and for something or actionB . Being able to explain the actions that one has takenC . An important aspect of the profession and of leadership in the wider business environmentD . All of the aboveView AnswerAnswer: D
Which of the following is correct?
Which of the following is correct? (i) The Court of Appeal is bound by obiter dicta of the Supreme Court. (ii) The High Court is bound by a Supreme Court ratio decidendi. (iii) A ratio decidendi of the Court of Appeal is binding on the High Court.A . (i) onlyB...
Which of the following need NOT be submitted in order to register a private company limited by shares?
Which of the following need NOT be submitted in order to register a private company limited by shares? (i) Articles of association (ii) The name of the company secretary (iii) A statement of share capitalA . (i) onlyB . (i) and (ii) onlyC . (ii) onlyD . (ii) and (iii)...
Which of the following is an example of a safeguard created by the profession, legislation or regulation as opposed to a safeguard in the work environment?
Which of the following is an example of a safeguard created by the profession, legislation or regulation as opposed to a safeguard in the work environment?A . Leadership of the organization which stresses the importance of compliance with the fundamental principlesB . Leadership of the organization which establishes the expectation...
Which of the following is not valid consideration?
Which of the following is not valid consideration?A . Payment to be made upon delivery of the goods.B . Payment handed over at the time of the contract.C . Past consideration.D . A promise to make an early repayment of a debt.View AnswerAnswer: C
What is the purpose of the equitable remedy of rescission?
What is the purpose of the equitable remedy of rescission?A . To place the parties in their pre-contract position.B . To force the party in breach to carry out the contract.C . To prevent a party from acting in breach of contract.D . To ensure that the innocent party is...
According to the UK Corporate Governance Code, who is responsible for setting the company's values and standards?
According to the UK Corporate Governance Code, who is responsible for setting the company's values and standards?A . The ChairmanB . The BoardC . The Managing DirectorD . The shareholdersView AnswerAnswer: B
Which of the following is CORRECT?
Which of the following is CORRECT? (i) A company limited by shares is a legal person separate and distinct from those who own and manage the company (ii) If the company structure is used as a mere façade for fraudulent purposes the company but not the directors or shareholders can...
