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CIMA Certificate BA4 Syllabus Exam Questions Answers

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Question 8

Which THREE of the following statements are correct in relation to the essential elements of a contract?

Options:

A.

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

B.

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

C.

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

D.

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

E.

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

F.

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

Question 9

Which of the following may cause a director to be disqualified from acting as a director under the Company Directors Disqualification Act 1986? 

(i) Persistent default by the director in complying with the filing requirements under the Companies Acts.

(ii) Causing a company to continue to trade at a time when the director ought to know that insolvency is inevitable.

(iii) Carrying on business with intent to defraud creditors.

Options:

A.

(i) only

B.

(i) and (ii) only

C.

(ii) only

D.

(i), (ii) and (iii)

Question 10

AB (Wholesalers) Ltd contracted to sell a quantity of television sets to DC (Retailers) Ltd. 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 comply with their description.

 

Which of the following is correct?

Options:

A.

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

B.

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

C.

The term is void.

D.

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

Question 11

You work for a pharmaceutical company. Which of the following corporate issues is NOT related to ethics or social responsibility?

Options:

A.

Flying doctors and their families to the Maldives for an all expenses paid working holiday to explain the benefits of one of your new products

B.

Whether to reduce the price of your products in poor countries

C.

Charitable donations

D.

Redesign of the company logo

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Exam Code: BA4
Exam Name: Fundamentals of Ethics, Corporate Governance and Business Law
Last Update: Nov 21, 2024
Questions: 661
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