f4eng_d14-specimen.pdfVIP

Fundamentals Level – Skills Module Time allowed: 2 hours This paper is divided into two sections: Section A – ALL 45 questions are compulsory and MUST be attempted Section B – ALL FIVE questions are compulsory and MUST be attempted Do NOT open this paper until instructed by the supervisor. You must NOT write in your answer booklet until instructed by the supervisor. This question paper must not be removed from the examination hall. Pa pe r F4 ( EN G ) Corporate and Business Law (English) Specimen Exam applicable from December 2014 The Association of Chartered Certified Accountants Section A – ALL 45 questions are compulsory and MUST be attempted Please use the space provided on the inside cover of the Candidate Answer Booklet to indicate your chosen answer to each multiple choice question. 1 Which of the following may imply terms into contracts? A Statute B Third parties C The parties to the contract (1 mark) 2 There are a number of ways in which investors can take an interest in a company and such different interests have different rights attached to them. Which of the following NORMALLY participate in surplus capital? A Preference shares B Ordinary shares C Debentures secured by a fixed charge D Debentures secured by a floating charge (2 marks) 3 In the context of the English legal system, which of the following courts ONLY has civil jurisdiction? A Magistrates’ court B County court C High Court (1 mark) 4 In the context of employment law, which of the following is an AUTOMATICALLY fair ground for dismissing an employee? A Unofficial industrial action B Redundancy C Refusal to join a trade union D Legal prohibition (2 marks) 5 Which of the following business forms does the use of the abbreviation ‘Ltd’ after the name of a business indicate? A A limited partnership B A limited liability partnership C A private limited company (1 mark) 2 6 Jas has been continuously employed for six years. Which of the following states the minimum period of notice she is entit