ACCA F4考试真题.docx

ACCA F4考试真题.docx

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ACCAF4考试真题

FundamentalsLevel–SkillsModule

Corporateand

BusinessLaw

（English）

Monday8December2014

Timeallowed:

2hours

Thispaperisdividedintotwosections:

SectionA–ALL45questionsarecompulsoryandMUSTbe

attempted

SectionB–ALLFIVEquestionsarecompulsoryandMUSTbe

attempted

DoNOTopenthispaperuntilinstructedbythesupervisor.

YoumustNOTwriteinyouranswerbookletuntilinstructedbythe

supervisor.

Thisquestionpapermustnotberemovedfromtheexaminationhall.

TheAssociationofCharteredCertifiedAccountants

SectionA–ALL45questionsarecompulsoryandMUSTbeattempted

PleaseusethespaceprovidedontheinsidecoveroftheCandidateAnswerBooklettoindicateyourchosenanswerto

eachmultiplechoicequestion.

1

2

3

Whichofthefollowinginvolvesanofferwhichmayonlybeacceptedbyperforminganaction?

A

B

C

Acollateralcontract

Aunilateralcontract

Abilateralcontract

（1mark）

Anagencyrelationshipwhichismaderetrospectivelyisreferredtobywhichofthefollowingterms?

A

B

C

Agencybyestoppel

Agencybyratification

Agencybynecessity

（1mark）

Incontractlaw,the‘marketrule’arisesinrelationtowhichofthefollowing?

A

B

C

D

Offer

Consideration

Remoteness

Mitigation

（2marks）

4

Inrelationtoadebenture,whichofthefollowingisNOTtrue?

A

B

C

D

Itmaybeissuedatadiscount

Interestonitmaybepaidfromcapital

Itispaidafterpreferenceshares

Itisfreelytransferable

（2marks）

5

TanwritestoYunstatingthathewillsellhiscartohimfor£10,000.Atthesametime,YunwritestoTanstatingthat

hewillbuyhiscarfor£10,000.

Whichofthefollowingstatementsappliestothissituation?

A

B

C

Thereisabindingagreementduetothepostalrule

Thereisacollateralcontract

Thereisneitheranagreementnoracontract

（1mark）

2

6

Whichofthefollowingstatementsaboutcontractsofemploymentistrue?

A

B

C

Theycanbemadeeitherorallyorinwriting

Theymustbemadeinwriting

Theymustbeevidencedinwriting

（1mark）

7

Wheredirectorsmakeafalsestatementofsolvencypriortoamembers’voluntaryliquidation,whichofthe

followinghavetheycommittedundertherelevantlegislation?

A

B

C

D

Abreachofcriminallawwithcriminalpenalties

Abreachofcivillawwithcriminalpenalties

Abreachofcivillawwithcivilliability

Abreachofbothcivilandcriminallawwithliabilitiesunderboth

（2marks）

8

Whichofthefollowingistheconsequencewhenapatientsignsamedicalconsentformbeforeanoperation?

A

B

C

Thepatientgivesupanyrightofactionforanyinjurysuffered

Anyactionforanyinjurysufferedduringtheoperationislimitedtonegligence

Thelevelofanypotentialpaymentforanyinjurysufferedisreduced

（1mark）

9

Whereacontractstatesthesumtobepaidintheeventofabreachofcontract,thestatedsumisknownaswhich

ofthefollowing?

A

B

C

D

Unliquidateddamages

Liquidateddamages

Specificdamages

Nominaldamages

（2marks）

10Whichofthefollowingappliestotheconceptofenlightenedshareholdervalue?

A

B

C

Itisthepricesharescanbeexpectedtoraiseiftheyweretobesold

Itistheyardstickforassessingtheperformanceofdirectors’duties

Itisthestandardofbehaviourexpectedofshareholdersingeneralmeetings

（1mark）

11Whichofthefollowinginvolvesasummarydismissalinrelationtoacontractofemployment?

A

B

C

Bothpartiesagreetoendthecontractimmediatelywithoutnotice

Theemployeebreaksthecontractwithoutnotice

Theemployerterminatesthecontractwithoutnotice

（1mark）

3

[P.T.O.

12Whatqualificationisthecompanysecretaryofaprivatelimitedcompanyrequiredtohave?

A

B

C

Anappropriatelegalqualification

AnappropriateprofessionalqualificationsuchasACCA

Noqualification

（1mark）

13Statutoryredundancypaymentiscalculatedonthebasisofwhichofthefollowing?

A

B

C

Lengthofserviceandpayonly

Ageandlengthofserviceonly

Age,lengthofserviceandpay

（1mark）

14Inrelationtowrongfultrading,thestandardagainstwhichtheconductofdirectorswillbeassessediswhichof

thefollowing?

A

B

C

D

Purelysubjective,dependingontheactualskillofthedirector

Purelyobjective,dependingonwhatisexpectedofadirectorinthatposition

Amixtureofsubjectiveandobjectivebutonlytoincreasepotentialliability

Amixtureofsubjectiveandobjectivebutonlytoreducepotentialliability

（2marks）

15Whichofthefollowingstatementsasregardsanacceptanceofanoffer‘subjecttocontract’istrue?

A

B

C

Itbindstheofferor

Itbindsneitherparty

Itbindsbothparties

（1mark）

16Suhadjustpassedherdrivingtestwhenshenegligentlydroveintoapedestrian.

WhatstandardofcarewillSubejudgedby?

A

B

C

Theobjectivestandardofanewlyqualifieddriver,lackofexperiencewillbetakenintoaccount

Theobjectivestandardofacompetentdriver,lackofexperiencewillnotbetakenintoaccount

Thesubjectivestandardofactualability

（1mark）

17WhichofthefollowingareordinarypartnershipsUNABLEtocreateinrelationtotheirproperty?

A

B

C

Mortgages

Fixedcharges

Floatingcharges

（1mark）

4

18WhichofthefollowingcourtsdealwithcivillawmattersONLY?

A

B

C

TheCrownCourt

Themagistrates’court

Thecountycourt

（1mark）

19Jopromisestopayarewardforthereturnofherlostphone.MiafindsthephoneandreturnsittoJo.

WhichofthefollowingtypesofconsiderationhasMiaprovided?

A

B

C

Executedconsideration

Executoryconsideration

Pastconsideration

（1mark）

（2marks）

（2marks）

20Whichofthefollowingrequirescourtapprovalbeforetheappointmentofanadministrator?

A

B

C

D

Creditors

Holdersoffloatingcharges

Thedirectorsofthecompany

Thecompanyitself

21WhichofthefollowingisanEnglishcourtNORMALLYboundtofollow?

A

B

C

D

Anobiterstatementofahighercourt

Aratioofalowercourt

Aratioofacourtatthesamelevel

AnobiterstatementoftheSupremeCourt

22Whichofthefollowingcourtshearappealsfromthemagistrates’court?

（1）Countycourt

（2）CrownCourt

（3）HighCourt

A

B

C

D

（1）and

（2）only

（2）and（3）only

（1）and（3）only

（1）,

（2）and（3）

（2marks）

5

[P.T.O.

23WhichofthefollowingisNOTanautomaticconsequenceofacompulsorywindinguporderagainstapublic

limitedcompany?

A

B

C

D

Transfersofshareholdingsaresuspended

Liquidationisdeemedtostartonthedateoftheissuingoftheorder

Directorsceasetoexerciseanymanagementpower

Employeesareimmediatelydismissed

（2marks）

24WhichTWOofthefollowingapplytosharesofcompanieswhosenamesendin‘Ltd’?

（1）Theymaynotbeissuedtonon-members

（2）Theymaynotbeofferedtothepublic

（3）Theymaynotbetransferred

（4）Theymaynotbetradedonthestockexchange

A

B

C

D

（1）and

（2）

（2）and（3）

（1）and（4）

（2）and（4）

（2marks）

25Whichofthefollowingstatementsregardingtheagelimitsforservingasadirectorinapubliclimitedcompany

istrue?

A

B

C

D

Minimumage16yearsandnomaximumage

Minimumage21yearsandnomaximumage

Minimumage21yearsandmaximumage75years

Minimumage16yearsandmaximumage75years

（2marks）

26WhichTWOofthefollowingareprivatelawactions?

（1）Thosebetweenindividuals

（2）Thosebetweenbusinessorganisations

（3）Thosebetweenindividualsandthestate

A

B

C

（1）and

（2）

（1）and（3）

（2）and（3）

（1mark）

6

27Inwhichproceduredoesaliquidationcommitteeoperate?

（1）Compulsoryliquidation

（2）Amembers’voluntaryliquidation

（3）Acreditors’voluntaryliquidation

（4）Administration

A

B

C

D

（1）and

（2）

（2）and（4）

（1）and（3）

（3）and（4）

（2marks）

28Thecategoryoftreasurysharescomesintoexistenceunderwhichofthefollowingcircumstances?

A

B

C

D

Theyareissuedassuchbyaprivatecompany

Theyareissuedassuchbyapubliccompany

Theyarepurchasedassuchbytheexchequer

Theyarepurchasedassuchbyaprivateorpubliccompany

（2marks）

29WhichofthefollowingisNOTasourceofEnglishlaw?

A

B

C

Custom

Equity

Publiclaw

（1mark）

30Whichofthefollowingareowedadutyofcarebyauditorswhenpreparingacompany’sauditreport?

A

B

C

D

Apotentialinvestorwithnocurrentholding

Anexistingshareholderlookingtoincreasetheirholding

Acompanylookingtomakeatakeoverbidforthecompany

Thecompanyandtheexistingshareholdersinthecompanyasabody

（2marks）

31Inapotentialredundancysituation,anemployeemaylosetherighttopaymentiftheyrejectanofferofalternative

employmentwithinthebusiness.

Whichofthefollowingwillallowtheemployeetorejecttheemploymentofferedandclaimredundancy?

A

B

C

Thealternativewassuitablebuttheemployeereasonablyfeltthatitwasnotofthesamestatus

Thealternativewassuitablebuttheemployeerefusedtoconsiderit

Thealternativewassuitablebuttheemployee’sgroundsforrefusingtoacceptitwereunreasonable

（1mark）

7

[P.T.O.

32WhichTWOofthefollowingarereasonsfordismissalwhichmustbejustifiedasFAIR?

（1）Capabilityorqualificationsoftheemployee

（2）Legalprohibitionsrelatingtotheemployee

（3）Refusaloftheemployeetojoinatradeunion

（4）Takingpartinunofficialindustrialaction

A

B

C

D

（1）and

（2）

（1）and（3）

（2）and（3）

（2）and（4）

（2marks）

33Whattypeofcontractdoesanemployeehave?

A

B

C

D

Acontractforservice

Acontractofservice

Acontractforservices

Acontractofservices

（2marks）

34Whichofthefollowingdescribesapre-con