Full Access CIMA BA4 Tutorials

All civil cases commence in the County Court.

A breach of the civil law does not enable an injured party to claim compensation.

A person may be prosecuted for a breach of the civil law.

A tort is a civil wrong.

The board should be made up of a majority of non-executive directors.  

All UK companies quoted on the London Stock Exchange have to include a statement of how the company has complied with the main principles set out in the Code.

There should be a clear division of responsibilities between the Chairman and the Chief Executive.

No director should be involved in deciding his or her own remuneration.  

Just because everyone bends the rules in practice does not mean they should do so

Everyone bends the rules so it is good practice to do so for the benefit of clients

Just because there are rules does not mean they should be adhered to by everyone

Bending the rules is not the same as breaking them

In general, silence cannot amount to a misrepresentation.

A misrepresentation is not actionable unless it induced the claimant to contract.  

An honest statement of opinion by a layman cannot amount to a misrepresentation.

A person cannot be liable for misrepresentation, if the truth of the statement could be determined by the misrepresentee making reasonable enquiries.