BA4 Exam Dumps - CIMA Certificate Questions and Answers

The term is illegal as it is a criminal offence to attempt to exclude any terms implied by the Sale of Goods Act 1979.

The term is void unless it can be shown to be reasonable, as this is a non-consumer sale.

The term is void.

The term is absolutely valid as it has been agreed by the parties to a non-consumer sale.

The Memorandum of Association will no longer be a company's superior constitutional document.

The Memorandum of Association must state that the subscribers wish to form a company under the Act.

The Memorandum of Association must state that the subscribers agree to become members of the company.

The Memorandum of Association must contain a statement of the company's authorized share capital.

Constancy

Confidentiality

Contemplation

Conviction

(i) only

(ii) only

(ii) and (iii) only

(i), (ii) and (iii)

The company has acted in breach of fiduciary duty and can be made liable up to the amount of the loan.

The company has given a "preference" to Anne, and the court may make any order it thinks fit to restore the position to what it was before Anne was repaid.  

The company has entered into a "transaction at an undervalue" with Anne, and the court may fine or imprison Tom.

The transaction amounts to "wrongful trading" and Tom may be held personally liable up to the amount of the loan.    

A director may be removed from office for any reason by an ordinary resolution.

A special resolution is needed to dismiss a director if the Articles of Association provide that he is to be a director for life.

The company must be given 28 days' notice of a proposed resolution to dismiss a director.

A director who is under threat of removal has the right to speak at the meeting, whether or not he is a member.

(i) only

(i) and (ii) only

(ii) only

(i), (ii) and (iii)

The auditor and the company

The auditor

The company

Shareholders

The auditor and shareholders

The company and shareholders

A conditional offer cannot be accepted until the condition has been satisfied

A revocation of an offer is only valid when it is received by the offeree, unless it is sent by post in which case it is valid as soon as it is posted

Even if the parties are fully in agreement, the agreement will be unenforceable unless at least one of the parties has provided consideration

A request for further information in relation to an offer has the effect of cancelling the offer

If an offer is rejected it can only be revived by the person who made the offer

Once an offer has been made it does not exist forever but will lapse after a reasonable time

The company must pass a special resolution to authorize the reduction of capital.

The reduction must be approved by the court.

It is not necessary for the company’s Articles of Association to authorize a reduction of capital.

The directors must make a solvency statement.